Business Standard

Sensex at 19K by year-end: Brokers

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Priya NadkarniVandana Mumbai
Sensex at 19K by year-end: Brokers
Priya Nadkarni & Vandana / Mumbai March 24, 2008
A majority of brokerages expect the bellwether Sensex to hover at 19,000 by the end of this calendar year, according to a poll conducted by Business Standard among top local brokerage houses.
 
The figure is significantly lower than last December when most brokerages had expected a 15 to 20 per cent return from 20,000 levels at the end of 2007. The Sensex has dropped over 25 per cent from its January peak of 20,800.
 
Of a sample of 20 brokerages, 60 per cent feel some pain is left in real estate and half feel capital goods may underperform over the next couple of quarters.
 

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First Published: Mar 24 2008 | 12:10 AM IST

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