If earnings growth happened, then definitely the market will shoot up, but if the earnings growth doesn’t come, then we will see the market grow slowly, slowly. My estimate is in next 18-24 months Sensex definitely will cross 50,000 .That’s my personal view; unless the earnings collapse, which I don’t see. That kind of scenario is something we are moving away from.See, the fundamental problem is real estate. NBFC is lending to real estate market, which is in bad shape.After demonetisation and RERA, the slowdown in the economy has impacted real estate as a sector, which is in serious stress. Private investment happens in the capital cities, real estate business will get some boost in form of whatever intervention is required.

Source: Economic Times July 04, 2019 02:37 UTC