Samvat 2069: 'Sensex may hit 24,000'
Agencies: Nov 14 2012, 18:24 IST
is due to factors such as increase in global liquidity flows, government initiated policy reform measures and improvement of growth prospects in FY'14 owing to reduction of risk scenarios panning out in the Euro zone and US.
The foreign institutional investors (FII) investment in the Indian equity market in 2012 so far stands at Rs 96,861 crore (USD 18.62 billion).
Experts said FII inflows will continue in the coming months.
According to Kishor Ostwal, CMD, CNI Research, "Nifty is likely to test 6,400, while the Sensex may touch 24,000-level in the new year."
After a year marked with huge losses, 2012 has so far been good for markets as the Sensex has gained over 20 per cent.
Indian stock market had suffered losses to the tune of about 25 per cent in 2011.
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