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Where will the tech-heavy NASDAQ be in June, 2001? At 5,000 or 1,500 points? And what about the BSE? BT invites a few stockmarket soothsayers to make their predictions. Ajit Sanghvi, Director, Malini Ajit Sanghvi: A positive budget and fast-track PSU divestment, would take the Sensex to 4500. However, the major cyclicals would bottom. Ramdeo Agarwal, Joint Managing Director, Motilal Oswal: Impressive growth in exports and strong FII inflows along with companies with solid fundamentals scoring healthy quarterly results would improve the overall scene. The Sensex would be near 4500 points while the NASDAQ would be going up by around 300 points.
Samir Rachh, Senior Investment Analyst, Hinduja Finance: Old economy stocks would look up on expectation of a positive budget and more aggressive reforms. The Sensex would be hitting 5000 points. Vetri Subramanium, Chief Advice Officer, Sharekhan.com: The strong fundamentals of some of the software companies would begin to show results; old economy companies, finally, would see some realistic valuations. PSU divestment would finally pick up pace, but the budget might come a cropper in responding to the market sentiments. |
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