BSE,
economic times poll: Sensex will scale 22,000 by January 2014
Extract from economic times website, read the footer note for more understanding
Retail investors, who have been shying away from the capital markets, should step out from the sidelines to take advantage of rising Indian equities, shows an ET poll of top 14 broking companies.
The Sensex, which is at an all-time high, is likely to touch the 22,000 mark by January next year, 54% of the poll participants said.
Taking advantage of the recent rally, retail investors should park their investments in equities, breaking away from the practice of investing in gold and real estate. Over 50% of household savings are invested in gold and real estate, Reserve Bank of India data shows.
Equity markets may be at record highs, but retail participation is at a 10-year low. The brokers polled said software companies and drug makers were the best sectors to invest with 22% of the sample betting on pharma and information technology each. Banks were preferred by 11%.
BSE IT index has gained 48% this year, while the BSE Healthcare Index rose by 17%. BSE Bankex, however, fell 11% last year.
Risk-averse investors should enter the market through mutual funds with exposure to blue- chip companies, around 69% of the participants said, followed by 15% who suggested mid-cap companies. This will also insulate small investors from rising inflation, they said.
All those polled believe that the Fed will start tapering only by March 2014. Consequently, the emerging markets, including India, will continue to attract more foreign institutional flows.
Overseas portfolio investors have invested close to $4 billlion in the past two months.
The rupee, whose descent to a record low of 68.83 to a dollar on August 28, had battered equity markets and threatened to increase the current account deficit, has since recovered substantially.
More than half of the participants expect the rupee to strengthen further against the dollar. They said the rupee will trade between 58 and 62 to a dollar in the next three months between November and January, while 23% of the participants were betting on the rupee crossing 62.
The participants of the retail poll include Kotak Securities, Sharekhan, Ambit Capital,GeojitBNP ParibasBSE -0.29 %, KR Choksey Securities, Axis Direct, ICICI Securities, Angel Broking, Motilal OswalBSE 1.76 %, India Infoline, Destimoney Securities, Parag ParikhFinancial Services, Asit C MehtaBSE -4.66 %, Fortune Financials and Prabhudas Lilladher.
Source : http://economictimes.indiatimes.com/markets/analysis/sensex-will-scale-22000-by-january-2014-poll/articleshow/24953064.cms
Readers discretion advice. The aboveinformation is a copy of the article published in http://economictimes.indiatimes.com and i have just reproduced the same in this blog. Any objection in reproducing the content should be notified to the author for immediate removal from this blog. I hope sharing the information is not a crime in this democratic country.
Retail investors, who have been shying away from the capital markets, should step out from the sidelines to take advantage of rising Indian equities, shows an ET poll of top 14 broking companies.
The Sensex, which is at an all-time high, is likely to touch the 22,000 mark by January next year, 54% of the poll participants said.
Taking advantage of the recent rally, retail investors should park their investments in equities, breaking away from the practice of investing in gold and real estate. Over 50% of household savings are invested in gold and real estate, Reserve Bank of India data shows.
Equity markets may be at record highs, but retail participation is at a 10-year low. The brokers polled said software companies and drug makers were the best sectors to invest with 22% of the sample betting on pharma and information technology each. Banks were preferred by 11%.
BSE IT index has gained 48% this year, while the BSE Healthcare Index rose by 17%. BSE Bankex, however, fell 11% last year.
Risk-averse investors should enter the market through mutual funds with exposure to blue- chip companies, around 69% of the participants said, followed by 15% who suggested mid-cap companies. This will also insulate small investors from rising inflation, they said.
All those polled believe that the Fed will start tapering only by March 2014. Consequently, the emerging markets, including India, will continue to attract more foreign institutional flows.
Overseas portfolio investors have invested close to $4 billlion in the past two months.
The rupee, whose descent to a record low of 68.83 to a dollar on August 28, had battered equity markets and threatened to increase the current account deficit, has since recovered substantially.
More than half of the participants expect the rupee to strengthen further against the dollar. They said the rupee will trade between 58 and 62 to a dollar in the next three months between November and January, while 23% of the participants were betting on the rupee crossing 62.
The participants of the retail poll include Kotak Securities, Sharekhan, Ambit Capital,GeojitBNP ParibasBSE -0.29 %, KR Choksey Securities, Axis Direct, ICICI Securities, Angel Broking, Motilal OswalBSE 1.76 %, India Infoline, Destimoney Securities, Parag ParikhFinancial Services, Asit C MehtaBSE -4.66 %, Fortune Financials and Prabhudas Lilladher.
Source : http://economictimes.indiatimes.com/markets/analysis/sensex-will-scale-22000-by-january-2014-poll/articleshow/24953064.cms
Readers discretion advice. The aboveinformation is a copy of the article published in http://economictimes.indiatimes.com and i have just reproduced the same in this blog. Any objection in reproducing the content should be notified to the author for immediate removal from this blog. I hope sharing the information is not a crime in this democratic country.
0 comments: