Sensex may hit 19,500 this year: Experts

Sensex may hit 19,500 this year: Experts

Driven by the election outcome, the benchmark index Sensex could catapult to 19,500 level this year, provided the government pushes through the reform agenda, analysts said.

Market experts believe that the reforms expected to be carried out by the new government may keep the market sentiment upbeat and propel the index to regain the levels, it had seen in 2007, in the months ahead.

"Our upside target for the Sensex is 19,500 this year which the index may climb if the government surprises us with a phenomenal budget," Morgan Stanley managing director Ridham Desai said in an investor summit arranged by television channel CNBC TV 18.

Text: PTI

However, more probability for the index is to remain in mid-15,000 levels or about 10 per cent higher than current levels, he said.

The financial sector reforms which are there before the government include raising FDI cap from present level of 26 per cent from 49 per cent through amendment in Insurance Act, pension reform and banking sector reforms.

Echoing similar view Reliance Capital Asset Management equities head Madhusudan Kela, 19,500 levels were possible this year but would depend if the government aggressively carries out the expected reforms.

Image: Congress Party chief Sonia Gandhi holds a bouquet presented by India's Prime Minister Manmohan Singh in New Delhi.
Photograph: Adnan Abidi/Reuters

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Sensex may hit 19,500 this year: Experts

Meanwhile, if the global market turn downwards and the government fails terribly to keep up public expectations, the index may see a level of 8,500 on the downside, Desai added.

Further, if the S&P 500 index falls below the 666 points level then the domestic stock indices may give in to pressure and plunge into negative territory, analysts said.

The benchmark index Sensex has climbed around 40 per cent to 13,800 levels, so far, this financial year.

Besides, foreign institutional investors have also turned bullish on Indian equity markets and have made net investments to the tune of Rs 14,586 crore (around $3 billion) in May so far.

Sensex may hit 19,500 this year: Experts

According to Ramesh Damani, member BSE, financial sector reforms as well as disinvestment should take place as it will be good for the sector and the economy as a whole.

The coming Budget should give some signal as far as reforms are concerned, Damani said.

Last year, the government tabled the Insurance Reforms Bill in the Rajya Sabha aimed at increasing the cap on foreign investment in private companies in the sector from 26 per cent to 49 per cent.

Source: http://business.rediff.com/slide-show/2009/may/26/slide-show-1-sensex-may-hit-19500-this-year.htm

What UPA left behind for itself to take forward

What UPA left behind for itself to take forward 11:13

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ET Bureau The new government that takes office later this week has its task cut out. Growth has slackened from a peak of 9.7% experienced in 2006-07. In the current fiscal, we can at best hope for 6% growth, unless the government acts with a sense of urgency in its first few months in office to remedy the situation. We need another reform stimulus, not just another fiscal stimulus. Reforms that were stuck for want of consensus in the government’s previous term must be pushed through. Here’s a look at some of the economy’s vital statistics, as the new government takes charge.

GDP growth

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Inflation 11:12

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Industrial growth 11:12

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Trade winds 11:11

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Tax collections 11:11

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More Stats@

http://economictimes.indiatimes.com/articleshowpics/4545617.cms




Other articles:
Invest based on fundamentals

Markets are bound to test your patience both when they move up or down but you can make money when you stick to your conviction.

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• Managing loan repayment | Interest rate movements?

Source: Economic TImes.com

India's Top 20 Web 2.0 websites

Check out India's Top 20 Web 2.0 websites

Here's a listing of the Top 25 Web 2.0 Indian websites identified by Dataquest magazine. The list, prepared by Dataquest, with help of Indianweb2.com, that tracks Indian start-ups in the technology space in general and web 2.0 space in particular, is a mix of social networking sites, tool makers, rating sites, and creators of close-knit online communities and collaborative mobile applications.

Apna Circle (www.apnacircle.com): A niche social networking site focused on careers

AuthorStream (www.authorstream.com): Focused on user generated content. Users can share online presentations and slideshows

BharatStudent (www.bharatstudent.com): A networking platform addressing education and career related issues of students

BigAdda (www.bigadda.com): A broad-based social networking site on the lines of Facebook and Orkut, offering everything to everyone

Burrp TV (www.burrp.com): Focused on local information from TV channels to restaurants based on user generated content and user ratings

Commonfloor (www.commonfloor.com): An online community of housing societies and apartments owners and residents popular with several large builders

DesiMartini (www.desimartini.com): A broad-based social networking site for Indians across the globe.

Fropper (www.fropper.com): India's most well-known dating site with abundant social networking features

Ibibo (www.ibibo.com): A platform to showcase talent and connect with people with similar interests

More @ Check out India's Top 20 Web 2.0 websites

Source:ET

Check out the top 30 stocks at 12000 on BSE

Check out the top 30 stocks at 12,000 on BSE

30 stocks @ 12K


If you had invested Rs 1L in any of these stocks on March 9, 2009, when sensex was at 8K, you would have made good returns.

Here are the top 30 stocks @ 12K on BSE:

Jaiprakash Associates Ltd


May 4 2009: 147

March 9 2009: 66

Per centage change: 124

Your Rs 1L would now be worth: 2,23,610

ICICI Bank Ltd
11:45

May 4 2009: 529

March 9 2009: 263

Per centage change: 101

Your Rs 1L would now be worth: 2,01,190

Sterlite Industries India Ltd

May 4 2009: 477

March 9 2009: 244

Per centage change: 95

Your Rs 1L would now be worth: 1,95,050



More @ Check out the top 30 stocks at 12,000 on BSE


Source:Economic Times

Sensex at 1,00,000 points? Possible by 2025: Technical charts

Sensex at 1,00,000 points? Possible by 2025: Technical charts

NEW DELHI: It may sound utopian in the backdrop of months-long downslide on bourses, but a US-based equity research group sees India's benchmark index Sensex scaling a milestone of 1,00,000 points within next 15 years. This would mean an unimaginable rally of over 10-times from the level seen just a few days ago, when Sensex was toiling below 10,000-point mark after a meltdown that began more than a year ago. The Sensex had more than halved to trade below 8,000-point mark in October last year after scaling a record high of over 21,000 points on January 10, 2008. Unperturbed by the sharp fall, US-based global equity research group Elliott Wave International, which specialises in analysis of technical charts of stock movements, believes that the recent surge in Indian market is the beginning of a long-running bull cycle that could continue for 15 years. The recent upsurge began on March 9 and the Sensex has gained over 2,500 points or by more than 30 per cent. "If the price and time proportions between the waves in the 2003-2008 rally continue, the Sensex should hit 100,000 in about 15 years," research group's Asia-Pacific Financial Forecast editor Mark Galasiewski told PTI over phone. In its report for Asia-Pacific markets, based on analysis of technical charts, Elliottt Wave has said there were strong indications of "a resumption of the bull market in Indian stocks". Extending its previous analysis in November last year, when it had said the Sensex might continue advancing for 15 years before the end of another bull run, Elliott Wave said the market seemed to have completed its most recent downward spiral in October 2008. The Indian stock market benchmark Sensex had scaled an all-time high of 21,206.77 points on January 10, 2008 before embarking on a downward journey, wherein it touched a low of 7,697.39 points on October 27. According to the Elliot Wave's April forecast report, the Sensex has declined in three waves to the October low, where it retraced approximately 50 per cent of its 2003-08 rally on a percentage basis. The index has just broken out of its downward trend channel and the patterns seen recently and during the 2003-04 period "are the best argument for a resumption of the bull market in Indian stocks," it added. Naming India among the "potential baby bulls" of the region, alongside Taiwan and Korea, Elliott Wave had said the completion of three waves of fall from their respective highs had made them "strong candidates to rally back to at least near their all-time highs -- if not beyond". Elliottt Wave has also classified Japan, Singapore, Hong Kong, China and Australia as long-term bear markets, while the "potential baby bulls" have been described as those which investors should consider for long-term investments. The report further noted that India had experienced long- running bearish phase in the past, indicating that the next bull-run could continue beyond its most recent all-time high levels. Until the early 2000s, the long bear market in India lasted for 11 years (1992-2003). "The five-wave pattern from 2003-08 is a road map to the future. Elliott waves progress in five waves and correct in three waves," research group's Asia-Pacific Financial Forecast editor Mark Galasiewski said.