Sensex 100,000 by April 2024 ? | Today my boldest call on Sensex. 1 lakh on BSE Sensex
Do you think the Sensex has the potential to reach 100,000 by April 2024?
If you look at history, there is a strong possibility of S&P BSE Sensex touching 100,000 by April 2024.
Watch this full video to know more about it.
We are sure that you will be pleasantly surprised when you see what Apoorva has to say in this video.
First of all, Apoorva draws our attention to the growing GDP of India. It is expected that in the coming 2-3 years our GDP will grow at the rate of 8-10%.
Sensex is a combination of best managed Indian companies which will grow faster than our GDP. He uses ratios such as Price to Earnings (PE) and Earnings Per Share to show how likely the Sensex is at 100,000 by April 2024.
પેન્શન બાબતે ન્યૂઝ વાંચવા અંહી ક્લિક કરો
Along with this, he also shows the long term chart of Sensex since 1990. The Sensex goes through a cycle of greed and fear. Greed pulls the Sensex up and fear pushes it down. Greed and fear cycles are repetitive in nature.
The Sensex is currently in greed and will remain there till April 2024. In such a situation, the probability of the Sensex touching 100,000 in this greedy period is high.
He is not everything. He further shows how stocks of the old economy that met basic human needs such as food, clothing and shelter, performed well in times of greed. On the other hand, new economy stocks have outperformed in times of fear.
Apoorva has further taken the stock example which completely follow the greed and fear cycle. He talks about Reliance Industries, Tata Chemicals, Tata Steel, Century Textile, Grasim, L&T, Tata Power, Siemens, Indian Hotels and ACC.
As of today it doesn't really matter whether you are an investor or a trader as the market is going to be greedy for the next 2-2.5 years.
Thus, you should focus more on old economy stocks for better returns.
Apoorva also suggested that you should use dips to add stocks as the market is in a greed phase till April 2024.
We hope this video will help you build wealth with Samco and Sensex while it is on its way to 100,000.
