Sensex at @ 80,000: Indian stock markets may continue to rise. Sensex can touch new heights in this boom. The market veteran believes that if the market momentum continues, then the Sensex can touch the 80,000 mark by December 2022.
Sensex crosses 80,000!
According to media reports, Morgan Stanley’s equity strategist Ridham Desai has written in his note, ‘We expect that the earnings of companies will increase at the rate of 27 percent, in such a situation, the Sensex can rise up to 16 percent by December 2022 and 70,000 can touch the figures. But if the bull case continues in the market, then the Sensex can also touch the figure of 80,000. However, for this it is necessary that the third wave of corona does not come and there is no need to impose any lockdown. Along with this, crude oil and dollar prices remained under control and RBI’s cheap loans remained.
There are also obstacles in the way of 80,000
He has said that due to the tremendous increase in profits, India will perform best in the stock markets around the world. The two people with whom Ridham Desai has prepared this note, it is believed that the Indian stock market is looking expensive due to continuous boom. He has written in the note that there are many challenges before the Indian markets, including the interest rate in the US. At the same time, the risk of increasing interest rates along with the risk of third wave of corona epidemic with the results of the assembly elections includes crude oil prices.
Large Cap preferred
He said that in such a situation there is a need to invest in good stocks as well as he has given preference to Large Cap Stocks instead of Small Caps. It is worth noting that before this, Morgan Stanley recently downgraded India’s rating to equal-weight.
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