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The BSE Sensex is poised to touch the 19000-mark in 2010 fueled by global equities' rising growth premium, favourable demographics, diminished policy risks and inexpensive valuations of Indian stocks.
Prabhudas Lilladher(PL), a leading equity research and brokerage firm for FIIs, said in its 'India Equity Strategy' report that Indian equities were on a long-term bull phase.
It said the Indian equity market was amongst the few markets around the world, which was poised to advance on a long-term bull phase over the next several years.
Besides the Sensex, the PL research report said the NSE Nifty would touch 5600 next year.
~~ET
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