75 years of Independence: Sensex from 100 to 59000, Gauge for an Undervalued Stock Called India

As is rightly said, the stock market of any country is the barometer of its economic growth, the story for India is no different. As we celebrate the 75th year of independence, a look back at Sensex narrates the tale of how India has grown from strength to strength. Started in 1986 on the BSE, Sensex is a free-float index consisting of 30 of the biggest listed companies in India. The BSE Sensex has grown from 100 points to 59,000 today; and while marred by volatility and bears, the index has posted robust growth, a testament to the country’s economic growth and future potential.

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Nifty Weekly Forecast: Above 16900 Target 17400—17800 [Buy on Dips]

Nifty Forecast

Nifty Weekly Forecast: Unlike the earlier week, this one was a lot more ranged. But as the index managed to tick a bit higher, people didn’t really mind that it ranged. So long as the overall bias was maintained to the upside, most people are happy. When people are happy, the breadth widens and participation increases.

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Adani Enterprises AGM 2022

India’s projected GDP growth number of 8% over this current year is very achievable. We believe our scale, our diversified business, and our track record of performance positions us very strongly to continue to perform well in a variety of market conditions. The best evidence which showcased our confidence and belief in the future – is our investment of $70 billion in facilitating India’s green transition. We are already one of the world’s largest developers of solar power. We have made also remarkable progress in several other industries over the past 12 months. In one stroke, we have become the largest airport operator in India. Around these airports that we operate today we are engaged in the adjacent businesses of developing aero-tro-polises and creating localised community based economic centres.

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Nifty Weekly Forecast: Very Soon Hitting Resistance Zones

There shall be no disagreement about how the market performed last week. It has been a long time since we saw a whole week of advances. Look at the layout on the intraday chart of the move in the first chart. A straight rise with big gaps in favour of bulls. Those helping hands were from overseas events of course. But who is complaining? Not me, for sure!

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