New Delhi, May 23: Stock market benchmark Sensex may soar past the 19,000-point level this year, propelled by domestic factors like robust economic expansion and decent corporate earnings growth, the country’s top brokerage and investment banking entity ICICI Securities has said.
The only negative headwinds the Indian market can witness could be due to negative cues from global markets, but investors willing to stay invested for at least 15-18 months will not be disappointed with their returns, I-Sec Managing Director and CEO Madhabi Puri-Buch told PTI.
“Markets are partly linked to real economy and the corporate earnings and then also partly to global liquidity…
Real economy in India, as also the corporate earnings, will continue to grow and the growth is here to stay,” Buch noted.
–Agencies