When will BSE Sensex reach 1 lakh? Mark Mobius says, “The Indian market…”

Veteran emerging markets investor Mark Mobius said that the Sensex could reach 1,000,000 points in the next five years. “Sensex will reach 1 lakh mark in the next five years or before,” the head of Mobius Emerging Opportunities Fund told CNBC-TV18. He said the Indian market needs to grow in size to attract more capital inflows.

What did Mark Mobius say about IPOs in China and India?

“There has not been any significant transfer of money from China to India yet due to the size of the market in India,” he said, adding, “India will see more equity offerings, more IPOs and hopefully more government companies getting listed.” In the market because there are some very large government companies in India that can be included.

When will BSE Sensex hit 1 lakh? Mark Mobius says ‘Indian markets will…’

What area excites Mark Mobius?
Talking about various sectors, the investor expressed enthusiasm for the infrastructure segment and said, “One area where you can get a lot of volume is the infrastructure segment if you IPO various infrastructure projects, be it bridges. Or toll road.”

He had earlier expressed his positive views on India and stressed that he was keeping a close eye on the country’s technology sector.

“Till now, India has been a leader in software technology. They have been exporting software all over the world. Now they are getting into hardware and I think that will be the most exciting,” he said.

Mark Mobius praised Prime Minister Modi
Praising Prime Minister Narendra Modi, he said, “He (Modi) is moving more and more towards technology and it is surprising.” With a large youth population, it is a very exciting time for the country. India presents an attractive play for consumers, but it is the technology sector that I am watching closely. Under Modi’s leadership, India’s technology sector has moved ahead of many developed countries. If Modi succeeds in securing a third term in power, I can only imagine another step towards digitalization, which would be great for India.

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