Mumbai : BNP Paribas, a French brokerage firm, has set a big forecast for the Indian stock market. It expects the BSE 30-share Sensex to grow by 9 percent by the end of 2021. It can go up to 50,500 points. The BNP feels that the Indian market is growing and is helping the stock market. But the company has also expressed concern over some issues. These include declining incomes of urban people, rising inflation and questions posed on bank balance sheets.
The stock market has risen 70 percent since April 30
The Indian stock market had initially plunged 30 percent due to the Corona epidemic. But then the Indian market saw an improvement. As a result, the stock market rose to 70 percent by April.
What do investors think?
According to Indian investors, the rise in global markets is having an impact on the Indian market as well. Experts also say that the record in the Indian stock market is a result of the global boom. But he also hinted that it would be wise to take a long-term view of the Indian economy. Experts are worried as only a few shares are being considered.
Analysts at BNP Paribas feel that the question of stock selection is helping India in two ways. Larger stocks are getting bigger and quality stocks are more available here than in other Asian markets. The BNP also feels that the environment is conducive to improving the economic situation in India. Railways, cement companies, rising sales of vehicles are also noted to be positive points of the economy.