Oct 19, 2016 01:22 PM IST | Source: CNBC-TV18

Expect Sensex to scale 30,000 by Dec 31: Equinomics Research

A few weeks after the surgical strikes across the Line of Control, the stability in Indian markets brings back the hope of Sensex and Nifty hitting highs by year-end according to G Chokkalingam, Founder and Managing Director, Equinomics Research and Advisory.

A few weeks after the surgical strikes across the Line of Control, the stability in Indian markets brings back the hope of Sensex and Nifty hitting highs by the year-end according to G Chokkalingam, Founder and Managing Director, Equinomics Research and Advisory.

Chokkalingam said that the global factors such as rate hike by the US Federal Reserve and US Presidential Elections are unlikely to have a major impact of Indian markets. “I continue to believe that by December 31, Sensex should cross 30,000 and Nifty should cross 9,300 and I am not concerned about US elections or US Fed rate hike,” he said.

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