The 30 share BSE Sensex was expected to gain 26% this year (2012) as interest rate cuts bolster growth. But, concerns about the central government's finances & its political stability remain prominent risks, a Reuters poll showed. The median forecast from a survey of 24 investment houses in a poll conducted over the last week.
Highlights of Reuters poll..!
* BSE index will likely rise to 19500 points by the end of the year (2012), after hitting 18000 mid year.
* End-year projections for the index ranged from 13500 to 21500.
* The upbeat forecasts come after the BSE Sensex dropped 25% last year (2011) to earn a place among the world’s worst performers as a string of interest rate hikes eroded investor confidence in Asia’s third largest economy.
* With inflation predicted to subside, investors expect the RBI (Reserve Bank of India) to reverse those moves through the year, as it looks to bolster growth that fell to 6.1% in the December quarter, its weakest annual pace in almost 3 years.
Highlights of Reuters poll..!
* BSE index will likely rise to 19500 points by the end of the year (2012), after hitting 18000 mid year.
* End-year projections for the index ranged from 13500 to 21500.
* The upbeat forecasts come after the BSE Sensex dropped 25% last year (2011) to earn a place among the world’s worst performers as a string of interest rate hikes eroded investor confidence in Asia’s third largest economy.
* With inflation predicted to subside, investors expect the RBI (Reserve Bank of India) to reverse those moves through the year, as it looks to bolster growth that fell to 6.1% in the December quarter, its weakest annual pace in almost 3 years.
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