Sensex likely to touch 35000 points if monsoon rainfall is good
Posted on: 20/Apr/2016 10:59:34 AM
The news released by the Indian Meteorological Department that the current monsoon season will bring good rainfall has led to a lift in the stock market where rates have increased,
The stock market experts predict that Sensex index in the Mumbai Stock Exchange will increase by 29000 to 35000 points.
In a survey conducted on a team of 35 members covering leading fund managers, proprietors of share analysis companies, etc., they suggested that the stock market will rise by 13 percent before end December.
As this year`s monsoon is expected to bring more than average rainfalls, the international investors will start turning attention to the growing economies. As foreign investment will rise, the Indian stock market will grow. The government policies on stock investment would be encouraging investment.
26 percent of the people surveyed informed that the stock market index will rise by 30000-35000 points. 22 percent informed that it will be between 32000-35000 points. 12 percent suggested that it will be between 29000-30000.
