New Delhi, Aug. 13 -- Can the Sensex hit the 1,00,000 mark by the next Independence Day?
Given the prevailing headwinds - including Trump's tariffs, foreign capital outflows, and weak earnings - it makes little sense to expect lofty returns from the Indian stock market in the medium term.
The Sensex has gained just 1.4 per cent since the last Independence Day, on geopolitical tensions, foreign capital outflow and weak earnings.
On August 12, the Sensex settled at 80,235.59. To reach the 1 lakh mark by the next Independence Day, the index would need to rise about 25 per cent over the next year.
This could be a daunting task for the bulls, but, as they say, the market has a habit of throwing surprises.
Meanwhile, Morgan Stanley believe...
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