2024-09-27 01:54:30
New Delhi: The stock market is making new records every day. Sensex has crossed the 85 thousand mark. It took about one and a half months for the Sensex to reach 80 to 85 thousand. In such a situation, it remains to be seen when the Sensex will reach the magical figure of one lakh. According to experts, with the speed at which the Sensex is growing, the day does not seem far when it will reach the one lakh mark. According to our associate Economic Times, the Sensex has increased 850 times in the last 45 years. The Sensex was started in the year 1979. Since then it has given 850 times returns. At that time, if someone had invested Rs 1 lakh, today this amount would have been equivalent to Rs 8.5 crore. Now that the Sensex has crossed the figure of 85 thousand, investors are keeping an eye on when it will reach one lakh.
Money increased 2 times in one month, 3 times in 6 months… This penny stock of Rs 3 created a storm
won’t take too much time
Sensex now needs to jump another 17.5 percent to touch the magical 100000 level. According to experts, it will not take much time for the Sensex to reach the one lakh mark. According to some bulls of Dalal Street, Sensex will reach the mark of one lakh in the financial year 2025 itself. According to experts, if the Sensex continues to grow at its historical average CAGR of 16 percent, then it can reach the one lakh mark around December 2025.
Why will it take so much time?
According to Vaibhav Porwal, co-founder of Dezerv, considering the current situation, the market should give annual returns of 12 to 15 percent. If Sensex continues to rise according to this return, it will take 18 to 24 months to reach one lakh points. He said that considering the current bullishness in the market, Sensex will soon touch the mark of one lakh.
Foreign investors are getting attracted
Foreign investors are very fond of the Indian market. According to Seshadri Sen of MK Global, foreign investors have missed the mark to a great extent so far. But he believes they are now ready to look at higher valuations and increase their investments in India. Foreign investment so far in the calendar year has been around Rs 92 thousand crore. Whereas in the year 2023 it was Rs 1.7 lakh crore. In such a situation, it is expected to increase further.
Sensex increased 4 times in 14 years
Sensex has increased 4 times in the last 14 years. Know how the Sensex has moved since 2000-2001 till now:
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. Because stock market conditions can change rapidly.