Will Sensex hit 1,60,000 by 2029?
Weekly Wealth Report 8th July 2024 (Weekly Wealth Newsletter and a Private Circulation from Creating Wealth Company) Curated by Mr. Sathish Kumar Founder – Creating Wealth Company Crorepathi Creator | Financial Consultant | Author | Speaker | Columnist | Youtuber Phone – 9841058689 Mail – creatingwealthadvisory@gmail.com Web – www.sathishspeaks.com Issue 150, Weekly Wealth Newsletter: 8th July 2024 – 15th July 2024 Dear Readers I am very excited and happy to present the 150th Edition of this Newsletter. 3 Years back, I envisaged to present Newsletter on Equity and Financial Markets with Indian and Global Perspectives on a weekly basis and hence this Weekly Wealth Letter. Our dream to make investing simpler, profitable, and accessible to everyone and this is one simple step to educate Investors and make investing an easy process Happy Reading and Investing Will Sensex Hit 1,60,000 by 2029? Motilal Oswal Financial Services Chairman Raamdeo Agrawal expects the Sensex to touch 1,60,000 points by 2029. “Sensex has doubled every 5 years, target 1,60,000 for Sensex by 2029. Market can double in the next 5 years with a 15% CAGR, this is the happiest moment of my life,” he told CNBC-TV18 in an interview. The Benchmark S&P BSE 30 index opened above 80,000 on Thursday, it had briefly crossed the same on Wednesday too. The Sensex had crossed the 70,000 mark on December 11,2023. The gain from 70k to 80k has been achieved in the shortest span of time. The reasons for gain are being attributed to monsoons, softening of US bond yields, and positive FPI flows in June. Mr Raamdeo Agarwal also said in four years, India might become a 10 trillion market.” Don’t miss out on this opportunity to ride this wave. Call us @ 78100 79946 to start your Investments Weekly Market Update The benchmark Sensex on Wednesday breached the 80,000 for the first time during intraday trading, completing an impressive ascent of nearly 10,000 points from the Lok Sabha election results-day low of 70,234 on June 4. The BSE SENSEX (+6.9%) rose in June 2024, in line with the NSE NIFTY index. BSE Mid-cap and Small-cap indices outperformed the BSE Sensex, with growths of (+7.7%) and (-10.3%) respectively. Sector-wise, Infotech, Teck and Realty were the top 3 performers over the month, June 2024 clocking (+11.3%), (+9.5%), and (+8.2%), respectively. All of BSE’s 13 sectoral indices ended the month, June 2024 in green. India’s Manufacturing Purchasing Managers’ Index (PMI) in June 2024 rose to a two-month high at 58.3 (vs 57.5 in May 2024), remaining in expansion zone for the 35th straight month driven by manufacturing employment accelerating and improvement in new order intakes. India’s forex reserves dropped $1.713 bn to $651.997 bn for the week ended June 28. Finance Minister Nirmala Sitharaman wrapped up consultations with industry and social sector representatives ahead of presenting her seventh Union Budget on July 23. Mutual Fund Corner ICICI Pru Energy Opportunity Fund An open ended High Aggressive Thematic NFO which helps investors to invests in instruments of companies engaged in and/or expected to benefit from the growth in traditional & new energy sectors & allied business activities Investments will go into sectors like Power Ancillaries, Oil Value Chain, Green Energy, Gas Value Chain and Power Value Chain This fund will benchmark Indian Energy TRI Index This is a Large Cap Biased scheme which invests in the above companies with long term basis To invest in SIP & in Mutual Funds Click the link and start your investments instantly ( You can also call us @ 7810079946 ) http://www.assetplus.in/partner/sathishkumar Stock of the Week BASF India CMP – 5460 Target – 6499 ( In 12 – 18 Month’s Time Frame) BASF India Ltd’s portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals It is a part of BASF group which have 110,000 employees globally in almost every country in the world. It generated sales of 60 billion euros in 2022. Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.17 times Healthy long term growth as Operating profit has grown by an annual rate 42.13% With a growth in Net Profit of 96.03%, the company declared Very Positive results in Mar 24 With ROE of 17.5, it has a Fair valuation with a 7.2 Price to Book Value Over the past year, while the stock has generated a return of 111.39%, its profits have risen by 43.8% ; the PEG ratio of the company is 0.9 Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST, DOW and OBV For your Equity recommendation – open a De Mat account with Angel Broking with this link https://app.aliceblueonline.com/openAccount.aspx?C=SSP03 This week Media Publications This week at Nanayam Vikatan – How safe is to do your Mutual Fund Purchase through online Apps? https://www.youtube.com/watch?v=QVg0vawakwEhttps://www.youtube.com/live/6L3X73iiiNIhttps://www.youtube.com/watch?v=70MgsqDT2lEhttps://www.youtube.com/watch?v=taerfbtgKNg Middle Class to Million Dollar Book Man and his struggle to generate and preserve wealth is eternal. One thing which is common among everyone in this society, that everyone has financial dream and aspiration to become Crorepati. Middle Class to Million Dollar is a guide to understand how simple and common sense in Personal Finance can help you to get wealthy Corpus. Click here to purchase the book from Amazon Buy Middle Class to Million Dollar / மிடில் கிளாஸ் முதல் மில்லியன் டாலர் வரை Book Online at Low Prices in India | Middle Class to Million Dollar / மிடில் கிளாஸ் முதல் மில்லியன் டாலர் வரை Reviews & Ratings – Amazon.in To Buy my Untold Wealth Secret Book from Flipkart Untold Wealth Secrets: Buy Untold Wealth Secrets by Sathish Kumar at Low Price in India | Flipkart.com Facebook Youtube Whatsapp Instagram Linkedin This Newsletter is from Creating Wealth Company – For Private Circulation only. For
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