Sensex Hitting Record Highs, Our Target For Sensex is 60,000 By December 2021- YES SECURITIES

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Mumbai, 11 June 2021: Sensex has touched record-high. Please find below the views of Mr. Amar Ambani, Senior President and Head of Research – Institutional Equities, YES SECURITIES for your consideration.

“The stock market is solely focused on the future. Hopes of a quick economic revival post unlock and expectation of large number of adult population vaccinated in 2021, are keeping markets excited. Q4 FY21 earnings have been encouraging, even after adjusting for the low base of March 2020.

The broader market is very healthy. It is very likely that the top 10 heavyweights of the Sensex, which have been dormant for some time, will begin to participate. Already RIL has resumed its up move after a six month lull. This will add to the strength of Indian equities.

Our target for Sensex is 60,000 by December 2021.”