Quote on Sensex crossing 80000 mark by Shrikant Chouhan, Head Equity Research, Kotak Securities
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Below the Quote on Sensex crossing 80000 mark by Shrikant Chouhan, Head Equity Research, Kotak Securities
Sensex crossing the 80000 mark is a big achievement for the Indian stock market. 16 years ago it was at 8800 on the day when Lehman, the leading bank in the US markets, crashed. Nine times returns in 16 years. However, four years ago during the time of Covid it was at 26000, which seems unrealistic but it is true. It gives confidence that equity markets did perform well in the long run, we need patience and confidence while investing and even after it. Based on the current domestic macros, our advice is to continue investing systematically in equities with a long term perspective.
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