Friday, 4 September 2009

Sensex to touch 50,000 in 7 yrs: Morgan Stanley

Morgan Stanley on Thursday said that sensex could touch 50,000 mark in seven years from current levels , if the assumptions made are optimistic.

"One way of looking at market valuations is to find out the number of years it could take the market to reach a certain level. In our base case, using our residual income model, the BSE sensex (used as a market proxy) could take about nine years to breach 50,000 from its current level.

If the assumptions are made optimistic, the period to 50K shrinks to seven years," analysts Ridham Desai and Sheela Rathi said on Thursday .

Source: EconomicTimes

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