December 14, 2015

Sensex may rise to 30,000 in 2016

Indian markets could shrug off worries over a rate increase by US Fed Reserve and the tepid pace of reforms and reclaim the 2015 all-time highs late in the new year, an ET poll of top money managers and brokers has found.

The Sensex could rise 8 per cent to touch 27,000 by March 2016 and scale the 30,000 peak by December 2016 as foreign fund flows surge, majority of participants in the poll said. The Sensex has slipped 17 per cent, or 5,000 points, from its all-time high of 30 ..

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