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Wednesday, June 10, 2009

Quantum Mutual Funds predicts 21000 levels on Sensex by July 2010

Quantum Mutual Funds in its latest research report on Indian Equity Markets, has a bullish view. The fund is predicting benchmark index Sensex to go back to historic highs of 21000. The rationale given by them behind this prediction is the stable government, lowest Export / GDP ratio among BRIC countries and disinvestment process that the new government is likely to take.

According to the report, indian equity markets have underperformed the BRIC economies Year-till-date (YTD) due to political uncertainity. But now when markets favorable government coming into picture, one expects markets to catch up with BRIC economies.

In case, one is interested in reading complete research report, one may drop a comment carrying its email-address.
Wishing you a great investing time!!

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