इंडियन आवाज़     30 May 2024 03:21:55      انڈین آواز

Investors optimistic about continuation of market rally: Survey

(Last Updated On: )

New Delhi


A survey conducted by PHD Research Bureau, the research arm of PHD Chamber of Commerce and Industry, found that 60 per cent of the investors in the stock market are optimistic about the continuation of current rally and expect more than 10 per cent returns in the short run from the current level.

Markets are expected to scale new highs of which BSE Sensex is expected to surpass 35,000 and NIFTY is expected to surpass 11,000 by the end of the year, according to the survey of investors.  Sensex closed at 32,325.41 & NIFTY closed at 10,066.40 on August 4.

The quick survey is based on the 243 responses from the retail investors and HNIs.

According to the survey, majority (60 per cent) of the respondents said that the markets will rise by more than 10 per cent from the current level. 25 per cent of the respondents said that the markets will remain lackluster at the current level. 15 per cent of the respondents said that the markets will decline by 10 per cent.

Reacted on the survey, Gopal Jiwarajka, President, PHD Chamber of Commerce and Industry said that the strong fundamentals of the economy such as low inflation, fiscal prudence, benign external sector conditions and strong outlook of the economy going forward are supporting the markets at this juncture.

However, stability of the inflation rate, international commodity prices such as crude oil, continuation of the pace of economic reforms and uptick in private investments would be crucial for a strong and sustained rally in the markets, he said.

Please email us if you have any comment.


بزنس ڈائجسٹ

این ٹی پی سی نے سب سے زیادہ بجلی پیدا کرنے کاریکارڈ بنایا ہن ...

حکومت کو آر بی آئی کا تحفہ

ریزرو بینک کی رقم کی منتقلی کا فوری اثر وزارت خزانہ کی مالی ح ...

اانتخابات کے لیے روزگار کا مسئلہ کتنا اہم ہے؟

مہر ایس شرما ملک میں انتخابی مہم میں اب صرف چند دن رہ گئے ہی ...


Singapore: PM urges married Singaporean couples to have babies during year of Dragon

AMN / WEB DESK Prime Minister of Singapore Lee Hsien Loong has urged married Singaporean couples to have ba ...

Himachal Pradesh receives large number of tourists for Christmas and New Year celebrations

AMN / SHIMLA All the tourist places of Himachal Pradesh are witnessing large number of tourists for the Ch ...

Indonesia offers free entry visa to Indian travelers

AMN / WEB DESK In a bid to give further boost to its tourism industry and bring a multiplier effect on the ...


Tamil Nadu CM Stalin attacks BJP over ‘saffron’ Doordarshan logo

AMN DMK Chief and Tamil Nadu chief minister MK Stalin on Sunday slammed the Bharatiya Janata Party (BJP) f ...

Broadcasting Authority Penalises TV Channels for Hate-Mongering, Orders Removal Of Offensive Programs

Broadcasting Authority (NBDSA) Orders Times Now Navbharat, News 18 India, Aaj Tak to Take Down 3 TV Shows ...


Uttarakhand: Portals of Badrinath Shrine open for Pilgrims

The portals of the famous Badrinath shrine, located in Chamoli district of Uttarakhand, opened this morning at ...

Mata Vaishno Devi Bhawan Decorated With Imported Flowers Ahead Of Navratri Festival

AMN In Jammu, ahead of the festivl of Navratri, Katra and Mata Vaishno Devi Bhawan is decorated with import ...

@Powered By: Logicsart