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Published on 24/09/2021 10:23:26 AM | Source: Geojit Financial Services Ltd

Sensex@60000 is a possibility today By Vijayakumar, Geojit Financial Services

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Below are Views On Sensex@60000 is a possibility today By Vijayakumar, Chief Investment Strategist at Geojit Financial Services -

Sensex@60000 is a possibility today. Reaching this milestone would be quite an achievement in these Covid times and a shot in the arm for bulls who are in total control of this market.


The outperformance of India   during September so far is stunning with MSCI World Index down 2.13 % and Nifty up by 4.03%. The poor performance of the Shanghai Composite due to regulatory crackdown and the China Plus One policy have again made India an attractive investment destination for FIIs.
But the market exuberance has pushed valuations to very high levels. India's valuation premium to EM peers is above 80% now. This is difficult to sustain.

Investors may think of reducing portfolio risk by moving to the safety of high quality large-caps. Partial profit booking in the mid and  small-cap segment and moving some money to fixed income also may be considered"

 

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