Sensex could scale 21000 in 2009: Macquarie
Richard Gibbs, Global Head, Macquarie Securities said that there would be a greater rush of liquidity in India and China — two of the world’s leading high beta markets. “I expect we are going to see valuations stretch as that money continues to come in.”
He added that the Sensex breaching 21,000 was possible in 2009 [...]
Sensex, Nifty scale highest level in nearly 16 months; Nifty hits 5,000
The key benchmark indices scored small gains in choppy trade,
extending recent strong gains, as global stocks rose. The BSE
30-share Sensex rose 34.07 points or 0.2%, off close to 110 points
from the day’s high and up about 75 points from the day’s low.
Index heavyweight Reliance Industries (RIL) slumped as the firm
sold a part of its own [...]