Samvat 2068: Investors gain Rs 5L cr
Agencies: Mumbai, Nov 12 2012, 18:12 IST
the second quarter. The market benchmark Sensex is currently nearly 2,500 points away from its record high level of 21,206.77 points (in intra-day trading), scaled on January 10, 2008.
Incidentally, the Sensex had scaled its highest ever closing level of 21,004.96 points on Diwali day two years ago on November 5, 2010. This is the only time when Sensex has closed above 21,000 level as yet.
"We are expecting that Sensex would touch a new high because of good quarterly earnings," CNI Research Kishor Ostwal said.
Another analyst Destimoney Securities MD and CEO Sudip Bandhopadhyay said, "Market would continue to be volatile till the end of the calender year 2012 but still I hope that Sensex would touch 19,000 level by that time. Investors would reap benefits only in stock specific investment."
"Sensex should be around 24,000 level by next Diwali," Ostwal said.
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