Almost 50 Percent Of The Poll Respondents Feel That The S&P BSE Sensex Is Likely To Hover In The Range Of 40,000-45,000
If 2018 was to be summarised in just one word, it would be termed ‘eventful’. Even though bears tried to bring down the market, benchmark indices are expected to close the year in positive with single-digit returns.
The momentum is likely to continue in 2019, despite the overhang of general elections, a poll showed.
The S&P BSE Sensex, which has risen 7 percent so far in 2018, is on track to hit Mount 40K in the year 2019 and may even touch levels closer to 45,000, according to a poll conducted by Moneycontrol.
We spoke to 15 analysts, fund managers and money managers to assess the investor sentiment on the Street and get some idea of what to expect in 2019.
Almost 50 percent of the poll respondents feel that the S&P BSE Sensex is likely to hover in the range of 40,000-45,000, while 43 percent feel it could move in the 35,000-40,000 range, and the rest 7 percent are of the view that the index will hover around 35,000 and may even dip below the same.
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