The PMS fund manager projects a nominal GDP growth rate of 10-11% over the next decade, providing a strong foundation for corporate earnings to grow at 13-14% annually
Says there has been a remarkable decentralisation of profits, with smaller companies witnessing a surge in profitability thanks to factors like the implementation of GST, expansion of highway networks
Domestic equity bulls drove a 1000-point rally in S&P BSE Sensex, surpassing 75,000. Nifty50 hit a new high. Market sentiment buoyed by various factors. Future direction may hinge on earnings performance.
Mark Mobius said the BSE benchmark would hit the 1 lakh mark within the next five years or earlier. At a Morningstar Investment Conference in October last year, he spoke about the index hitting the magical mark soon.