Sensex can zoom to 1.5 lakh by 2029 but don't be a speculator
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“If trouble comes when you least expect it, then maybe the thing to do is to always expect it.” Cormac McCarthy Considered in a proper historical and comparative perspective, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to 75,124 (intra-day lifetime high levels) on April 9, 2024 on gains in FMCG, energy and metal shares. While markets dipped subsequently, closing 0.08% down following profit booking in index major Reliance Industries, the surge of almost 25% over the past year has been remarkable. On April 9, 2024, the combined market capitalisation of the BSE listed firms surpassed ₹400 lakh crore with the BSE Midcap index soaring almost 67% and the Smallcap index rising 65% over the past year. The NSE companies with maximum gains were Infosys Ltd, Apollo Hospitals, LTIMindtree Ltd, Tech Mahindra Ltd, Adani Ports and Special Econ...