Mumbai/Bangalore: The BSE Sensex should gain 10 per cent between now and the end of the year, though only reaching levels seen in July 2011, provided economic growth recovers from a recent lull, a Reuters poll showed on Thursday.
The 30-share BSE index will rise to 18,750 points by the end of 2012, according to the median forecast from a survey of 22 investment houses conducted over the past week, and then rise further to 20,400 by the middle of next year.
Indian shares, once considered a beacon of the Asian growth story, have lost their shine recently on concerns New Delhi lacks the ability to pass tough economic reforms that would spur growth and reignite investor confidence in the country.
The median estimate shows reduced expectations for the year-end compared with 19,500 in each of the two previous quarterly polls, and means the index will only recoup part of its losses of 2011, when it shed a quarter of its value....more
02:25 PM, Jul 01, 2012