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SENSEX is likely to touch 50,000 by December 2015

Sponsored By Evalueserve

Topics:: Banking & Capital Markets > Alternative Finance , Investment Banking; Budgeting & Planning > Business Intelligence

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Abstract:: On January 8, 2008, Bombay stock market's key index, SENSEX (i.e., Sensitive Index, which is composed of 30 companies), touched an all-time high of 20,873 and almost all analysts expected it to touch 25,000 before the end of 2008. Indeed, the market sentiment was overly buoyant and an uninterrupted rise of the Indian stock market seemed inevitable to market analysts, stockbrokers, businessmen, politicians, as well as the ordinary man. None of these analysts suspected that SENSEX would drop precipitously or that the Indian Rupee (INR), which had also appreciated to 39 INR to 1 USD, may "drop like a rock" with respect to the US Dollar (USD) and other currencies.

Evalueserve took a contrary view by publishing an article on January 08, 2008, titled "The Indian Stock Market - Continued Boom or Impending Bust?"

DETAILS

Sponsored by: Evalueserve

Released: April 28, 2010

Length: 7 pages

Format: PDF (114 kb)

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