Sensex not done after record high, experts see index at 55,000-60,000 by December 2021

sensex not done after record high experts see index at 55000 60000 by december 2021

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,”…

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