Sensex to touch 22,000 by December: JP Morgan
The stock market barometer Sensex is set to touch 22,000-mark by December from the present 16,400 levels, despite a decline in the overall business confidence, a JP Morgan Asset Management survey said.
Among the eight cities where the survey was carried out, the investors in the nation's financial capital are the most optimistic as they expect the bellwether Sensex to trade between 20,000 and 22,000 by the end of the year, the survey found.
JP Morgan AMC said investment activity of retail investors in mutual funds has revived significantly since the last quarter.
"Investors continue to maintain a positive outlook towards an increase in corporate profits and personal income respectively, while the adviser community continues to be upbeat about an increase in clients' investments," it added.
src-BS
The stock market barometer Sensex is set to touch 22,000-mark by December from the present 16,400 levels, despite a decline in the overall business confidence, a JP Morgan Asset Management survey said.
Among the eight cities where the survey was carried out, the investors in the nation's financial capital are the most optimistic as they expect the bellwether Sensex to trade between 20,000 and 22,000 by the end of the year, the survey found.
JP Morgan AMC said investment activity of retail investors in mutual funds has revived significantly since the last quarter.
"Investors continue to maintain a positive outlook towards an increase in corporate profits and personal income respectively, while the adviser community continues to be upbeat about an increase in clients' investments," it added.
src-BS
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