2024-10-04 09:22:18
New Delhi: World’s famous investor Mark Mobius has made a big prediction. He has said that BSE Sensex can touch the figure of 1 lakh by the end of this year. Mobius advised investors to view any dip as a buying opportunity, CNBC-TV18 reported. The target of Rs 1 lakh represents a potential upside of about 18% from the current market price. Mobius also mentioned the recent rally in China’s stock market during a conversation with CNBC. He cautioned that the recent boom in the metal sector due to China’s bailout may prove to be temporary.
According to the veteran investor, this is because it is not yet completely clear whether the Chinese government fully stands with its big entrepreneurs or not.
Expressed maximum confidence in India
Mobius further said that China’s improved performance will improve the prospects for every emerging market. This will increase capital flow in these markets.
Mobius also said that if he had $100 to invest, he would invest 50 percent in Indian markets, 25 percent in China and Taiwan and the remaining 25 percent in Turkey, Vietnam and other emerging markets. According to him, 10% of the portfolio can also be allocated to gold.
Why should we look for opportunities?
During the conversation, Mobius also pointed out that emerging markets are where investment opportunities should be explored. The reason is that going forward they are likely to perform better than the US markets.
BSE Sensex has increased by 28.5 percent in the last one year. At the same time, in the last 6 months alone the index has seen an increase of about 15 percent. The index remained almost flat with a slight positive trend in the last one week.
(Disclaimer: The recommendations given in this analysis are those of individual analysts or broking companies, and not of NBT. We advise investors to consult certified experts before taking any investment decision as stock market conditions change rapidly. Can.)