Nifty 50 may reach 1,50,000 in the next 15-17 years and Sensex could hit 1,50,000 in the next 5-6 years although this would not be without corrections, Raamdeo Agrawal, ace investor and Chairman of Motilal Oswal Group, said. In an interaction with CNBC Awaaz, he said, “To make money in the stock market, you need vision, courage, and patience. Patience, the most important factor, must be observed during times of stress.”
Nifty 50 would touch 90,000 – 100,000 by 2030 as predicted by Rakesh Jhunjhunwalan
Is this real or not ?
Let us go through these statements and understand practically. Is this possible or not ?
Nifty 50 is a collection of 50 top stocks in the stock market. As its constituents with different weight given to each stock. If the heavy weight stocks keep gaining, index moves up. They go down, index goes down.
When the stocks listed in 50 top stocks doesn’t perform well they are replaced by the other stock as per their performance.
We tend to miss a thing that it is the Nifty dynamic island that keeps on gaining. If we see that those stocks which are taken out of Nifty doesn’t perform well.
Nifty was closed 6000 in 2008.
On April 2021 it closed 14,867. This was almost 150% gain in 12 years.
Does this gain boosted all the stocks in Nifty ? Lets see
Reliance communication Ltd
Reliance Communication was at 773.21 in 2008 ( all time high )
Reliance communication in April 2021( 6.59 ) when Nifty gained 150%.
It clearly shows that Nifty gains doesn’t effect stocks.
Unitech Ltd
Unitech Ltd was at 491.38 IN 2008 ( all time high ).
Unitech in April, 2021 ( 7.06 ) when Nifty gained 150%
Now it is clear that Nifty gains doesn’t effect the stocks within it.
Summary
From the current level to 90,000 or 100,000 is a very long run. It needs 500% gain to reach there.
Future is unpredicted nobody known how the market will go nor me or nor Mr. Rakesh Jhunjhunwala.
90,000 not likely to happen. Hype and Hope can level up the market but only to an extent. Real economy works after that .
And even that happens stocks will keep falling like the examples given above.
Let us forget the hype and get real !
Before I go here is the list of current Nifty 50
- RELIANCE INDIA
- TATA CONSULTANT SERVICES
- HDFC BANK
- BHARTI AIRTEL
- ICICI BANK
- INFOSYS
- STATE BANK OF INDIA
- HINDUSTAN UNILIVER
- ITC
- CARSEN & TOURBO
- BAJAJ FINANCE
- SUN PHARMACENTICAL
- MAHINDRA & MAHINDRA
- MARUTI SUZUKI
- KOTAK BANK
- ADANI ENTERPRISES
- AXIS BANK
- STATE BAK OF INDIA
- ASIAN PAINTS
- NESTLE
- HCL TECHNOLOGIES
- POWER GRID CORPORATION OF INDIA
- UltraTECH CEMENT
- DR. REDDYS LABORATORIES
- TATA STEEL
- TITAN
- TECH MAHINDRA
- NTPC
- WIPRO
- BRITANNIA INDUSTRIES
- BAJAJ AUTO
- CIPLA
- OIL & NATURAL GAS CORPORATION
- HERO MOTORCORP
- HINDALCO INDUSTRIES
- ADANI PORTS & SEZ
- GRASIM INDUSTRIES
- COAL INDIA
- INDUSIND BANK
- JSW STEEL
- TATA MOTORS
- EICHER MOTORS
- HDFC LIFE INSURANCE
- BAJAJ FINSERV
- BHARAT PETROLEUM
- TATA CONSUMER PRODUCTS
- APOLLO HOSPITAL
- SHRIRAM FINANCE
- SBI LIFE INSURANCE
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