1. The answer to above headliner lies in a straight YES if Rakesh Jhunjhunwala and Morgan Stanley world's leading investment bank is to be believed as their optimism stems from the fact that the projections is based on India's GDP growth of 8 per cent along with an inflation of 5-6 per cent and the cost of manufacturing and assuming Sensex stocks will grow by 17-18 per cent till 2020.
2. Rakesh Jhunjhunwala is of the opinion coupled with Morgan Stanley is that if Brazil's 50 share benchmark index 'Bovespa'can cross 5,0000 mark last year than their is no reason why Indian economy can not achieve the same feat as Brazil is a mirror image of India in terms of natural resources and also it being an agrarian economy and last but not least is the largest number of people living in poverty in all of Latin America. Moreover its index comprises of 50 stocks whereas Sensex comprises of 30 stocks.Brazil's has become a talk of the world by virtue of its natural resources like iron ore, offshore oil fields and use of ethanol. Now by virtue of ethanol blending Brazil has become self-sufficient in energy.
Can Indian stock market hit Sensex 50,000 levels?
