Sensex touches 50k - Comment from YES SECURITIES

Mr. Amar Ambani, Senior President & Institutional Research Head, YES SECURITIES on Sensex touching 50,000 mark.

"The Sensex has hit 50,000 on the strength of faster than anticipated recovery in economic activity, FPI flows into our market and heightened hope from the upcoming Budget, promised to be "like never before" by the Finance Minister.

We've entered a super-cycle for Indian equities, like we had seen in the year 2003. We see high possibility of decisive reforms from the government, accelerated earnings growth and a continued liquidity flow chasing growth, in a period of weakening US Dollar. I expect Sensex to surpass 100,000 figure by 2025. A fresh upcycle has resumed for small and midcaps as well, after a long consolidation in 2018, 2019 and large part of 2020."