BSE Sensex may touch 1 lakh mark soon, predicts Christopher Wood of Jefferies

Sensex To Hit 100000: The index Sensex of the country’s oldest stock exchange BSE, formerly known as the Bombay Stock Exchange, can touch the figure of 100000 (1 lakh) at any time. It has been claimed by Christopher Wood, Global Head of Equities of veteran foreign brokerage house Jefferies.

Christopher Wood said that there is a long-term bull market in India. He said that the Indian stock market will continue to climb the proverbial wall of anxiety. However, pointing to the Lok Sabha elections to be held in 2024, he said, for the next 12 months, this question will inevitably be asked, on which it is agreed that whether the Modi government will be in power again or not?

Pointing to the second risk for the market, he said that when the market trades in a limited range, the activity of retail investors decreases in the market. His statement can also be understood in such a way that in June 2022, where the number of active demat accounts used to be 38 million, it has come down to 31 million in April 2023.

Christopher Wood said that investment by foreign investors in the Indian stock market has taken a U-turn. Where foreign investors had sold $ 4.5 billion during December to February. In March, these investors bought $7 billion in the market. Last year also Christopher Wood had predicted in a note in February 2022 that by the end of 2026 the BSE Sensex would touch the figure of 1,00,000.


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