INSUBCONTINENT EXCLUSIVE:
Dalal Street may have just completed its longest rally in last 10 years, with BSE Sensex climbing some 345 per cent since March 2009, but
garnered an average of 0.70 per cent return a week, the least compared with the previous major rallies
Investors had earned an average weekly return of 1.5-2.5 per cent in the previous bull markets.
Sensex delivered 16 per cent CAGR return in
last 3,653 days, after having created wealth at 52 per cent annualised during the 1,721 days between April 25, 2003 and January 10,
2008.
Likewise, the 30-pack had delivered 86 per cent annualised return from November 2, 1998 to February 14, 2000 (469 days) and over 80
It projected the Sensex at 42,000 by December 2019
The 30-pack hovered around the 36,700 mark on Friday.
Indian equity market has underperformed its global counterparts in recent times due to
political uncertainty and rising crude oil prices.
But Morgan Stanley says both these issues may have hit their peak in terms of negativity
Gingold, MD, Cartica Management, expects Indian market to catch up fast
In an interaction with ETNow, she said the Indian economy has the potential to accelerate even as the rest of the world decelerates
Once the election uncertainty gets over, we should see a rally in the market
Potentially even before elections, we could see a catchup
Do not forget, India, as we saw last year, is a market that can be defensive
When global growth is slowing, people tend to favour India because it is a domestically-driven economy and has domestically-driven earnings
That renders it a lot of positive support
