The BSE Sensex recorded a steep fall of over 3000 points last month. However, analysts at top global brokerage firms are not giving hope on India, despite its near-term under-performance compared to other emerging market peers.
They see the Sensex rallying past 30000 to hit its fresh record high in the next 6-12 months, led by initiation of pro-growth reforms by the NDA government and recovery in corporate earnings growth, which will fuel further re-rating in the Indian markets.
They see the Sensex rallying past 30000 to hit its fresh record high in the next 6-12 months, led by initiation of pro-growth reforms by the NDA government and recovery in corporate earnings growth, which will fuel further re-rating in the Indian markets.
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