Sensex at 200,000? Possible in 10 years, says Raamdeo Agrawal

Back in 2017, Mark Galasiewski of Elliot Wave International had reiterated that he expects the S&P BSE Sensex to hit the 100,000 mark by 2024

If market experts are to be believed, this is just the beginning of a major bull-run for India’s stock market. Healthy growth in corporate profit for the next few years, coupled with favourable demographics can take the indices to stratospheric levels in the years ahead. 

Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services (MOFSL) has said in a May 27 note that he expects the S&P BSE Sensex to hit the 200,000 mark in the next 10 years – up nearly 4 times (4x) from the current level of around 51,500 – and advises investors ‘not to