Will Sensex Hit 1,50,000 by 2029
Weekly Wealth Report April 29, 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 140, Weekly Wealth Newsletter: 29th Apr 2024 – 6th May 2024 Will Sensex hit 1,50,000 by 2029? Raamdeo Agrawal, Chairman of Motilal Oswal Group, has said that Sensex could hit 1,50,000 in the next 5 years. In an article publish in Economic Times, he wrote that Sensex compounds at a handsome rate of 15% which means that the index doubles every five years. Sensex touched 75,000 where do we go from here? This question can be answered in multiple ways. First, the doubling of Sensex from 37,500 to 75,000 happened in just under five years. The sceptic is bound to question, it’s one thing to double from 37,500 to 75,000 in five years. But can this repeat on a significantly higher base? Pre-Covid, the number of new demat accounts opened was an average of 3,50,000 per month. The current demat monthly addition run rate is over 3 million. Total demat accounts have exploded from 40 million in March 2020 to 150 million today. Monthly mutual fund SIP inflows have shot up from ₹8,000 crore five years back to ₹19,000 crore now. This retail equity boom is doing a couple of things. One, in the primary market, it is flooding the Indian corporate sector with liquidity to be invested for growth. Two, the boom in the secondary market is translating into wealth-effect-led consumption, further supporting GDP growth. In sum, who precisely knows the future? But there is a good probability that the equity market’s 15% compounding of the last 45 years may well sustain into the next 5 years. Stay invested, so that you don’t miss out on this ultimate compounding machine called Sensex. Call us @ 63795 18807 to Handpick High Performing Funds and Stocks for your Portfolio Weekly Market Update Indian equities snapped their five-day winning streak on Friday, after dismal earnings update by a domestic non-banking finance company dragged the financial sector shares down. On Friday, the Indian stock market indices ended sharply lower, snapping their five-day winning streak, sensex declined 609.28 points, or 0.82%, to close at 73,730.16, while the Nifty 50 settled 150.40 points, or 0.67%, lower at 22,419.95. Investors will eye several stock market triggers this week including the Q4 results, auto sales data, domestic and global macroeconomic data, US Federal Reserve’s interest rate decision, Israel-Iran conflict, crude oil prices, and other global market cues. We expect market momentum to resume with a focus on stock-specific action due to the ongoing result season and sector rotation at play Mutual Fund Corner ICICI Multi Asset Fund ‘Don’t put all your eggs in one basket’ is perhaps the most popular adage in financial planning With the Indian equity market reaching new all-time highs, investors are now seeking to diversify their portfolios beyond equities, considering assets like debt and gold. Multi Asset Allocation : The fund has 66.82% investment in domestic equities of which 47.22% is in Large Cap stocks, 5.86% is in Mid Cap stocks, 2.55% in Small Cap stocks. The fund has 12.03% investment in Debt, of which 6.91% in Mutual Fund – Fund of Funds, 4.45% is in Low Risk securities. Winners Rotate, hence jack of all trade should be part of your portfolio to minimise your RISK and optimize your returns. 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 Tata Motors CMP – 1000 Target – 1199 ( In 12 – 18 Month’s Time Frame) Tata Motors Group is a leading global automobile manufacturer. Part of the illustrious multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles to the world. With a growth in Net Profit of 83.77%, the company declared Outstanding results in Dec 23 The company has declared Positive results for the last 5 consecutive quarters High Institutional Holdings at 35.34% With ROCE of 19.9, it has a Fair valuation with a 3.3 Enterprise value to Capital Employed OPERATING PROFIT TO INTEREST(Q) Highest at 6.20 times and NET SALES (9M) At Rs 317,941.46 cr has Grown at 32.46 % 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 https://www.youtube.com/watch?v=RsbAdrXtUXchttps://www.youtube.com/watch?v=u5uM9n6RACohttps://www.youtube.com/watch?v=icDovvaipXMhttps://www.youtube.com/watch?v=frdf-7g9a1Ehttps://www.youtube.com/watch?v=mH_Js0-8xPQ 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 more information connect with Sathish Kumar @ 9841058689 You
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