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Sensex likely to touch 24,000-mark in Samvat 2069: Experts

New Delhi, Nov 14: Samvat 2069, which will run till next Diwali, is likely to see smart gains in the Indian benchmark indices with the Sensex likely to surpass 20,000-mark and trade in the range
PTI November 14, 2012 19:07 IST
PTI
New Delhi, Nov 14: Samvat 2069, which will run till next Diwali, is likely to see smart gains in the Indian benchmark indices with the Sensex likely to surpass 20,000-mark and trade in the range of 22,000-24,000 zone over the next one year, say experts.



"We are in a bullish zone right now. FIIs have helped build this position.... The base is build and as the government comes out with more reforms, market will see new highs. The only worry is the falling rupee. I see the Sensex in the range of 22,000-24,000 over the next one year," Rajesh Jain, EVP retail research, Religare Securities said.

A new Hindu calendar year, Samvat 2069, began yesterday on the day of Diwali.