Sumary of Sensex not done after record high, experts see index at 55,000-60,000 by December 2021:
- Experts said unlocking of the economy and strong growth could push the Sensex to 55,000-60,000 by December-end..
- Hopes of a quick economic revival post unlock and expectation of a large number of adult population vaccinated in 2021, are keeping markets excited..
- Ajit Mishra , VP- Research, Religare Broking, said the uptrend can continue and the Sensex may hit the 55,000 mark by year-end as optimism was high due to falling COVID cases and the beginning of “unlocking”.
- At this time, investors should be very selective, a) invest in stocks that will benefit from unlocking, and b) prefer companies that have prudent management, strong fundamentals and a healthy balance sheet and long-term growth prospects,”…