Sensex to touch 19k mark in 2010: PL Research

Posted By: Staff
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Kolkata, Sep 29: The BSE Sensex is poised to touch the 19000-mark in 2010 fuelled by global equities' rising growth premium, diminished policy risks and inexpensive valuations of Indian stocks, a research report said.

Prabhudas Lilladher (PL), a leading equity research and brokerage firm for FIIs, said in its 'India Equity Strategy' report that Indian equities were on a long-term bull phase.

Besides Sensex, PL research report said the NSE Nifty would touch 5600 next year.

The report said one of the most important factors behind the bullish outlook was the huge proportion of Indian youth which had placed the country in a favourable demographic position vis-a-vis other countries.

This would result in a strong earnings growth outlook, the report said.

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