Share Market India : With the best performance in emerging markets, the Indian stock market (Share Market India) crossed the 85,000 mark for the first time in September this year. Now multinational investment bank and financial services company Morgan Stanley has estimated that in this bullish scenario, the BSE Sensex can cross the historic one lakh level by the end of next year. The global brokerage firm has forecast that the Sensex can reach the level of 1,05,000 with the support of strong income growth and domestic capital inflows, macroeconomic stability. When the Sensex crossed the 85 thousand mark, the country's economists also made similar forecasts.

Record high this year too

On September 24 this year, the Sensex reached 85,044 (record high) for the first time. On the same day, the Nifty rose 30 points to 25,969. This index of 50 shares also reached a record level of 25,975. Dr. Manoranjan Sharma, Chief Economist of Infomerics Ratings, told IANS, “The Sensex will reach 1 lakh points this year or early next year. It will be a high level, but the stock market in India is definitely in a bullish phase.”

Beginning of December, Experts' Opinion

On the other hand, foreign institutional investors (FIIs) are changing their strategy and adopting a buyer stance. Market watchers said on Saturday that the Indian economy remains strong despite the geopolitical situation, which has ended the continuous selling phase of FIIs. According to Siddharth Khemka of Motilal Oswal Financial Services Limited, FIIs have started December on a positive note, which has boosted market sentiment significantly.

BSE's market cap also jumped

Due to the ongoing boom in the Indian stock market, the market cap of the Bombay Stock Exchange (BSE) has also increased tremendously. The market cap of BSE has once again crossed Rs 450 lakh crore. In the last three trading sessions, both Sensex and Nifty have given a return of more than 4 percent. During this period, the market cap of BSE has increased by more than Rs 10 lakh crore. At present, the market cap of all the companies listed on BSE is more than Rs 454 lakh crore.