Mr. Raamdeo Agrawal, Chairman & Co-Founder of Motilal Oswal Financial Services, on CNBC TV18, shares his bullish forecast, predicting a remarkable surge in the Sensex to 1,60,000 by 2029.
He also highlights that this will be a record year for new Initial Public Offerings (IPOs) and suggests the need for a Minister of Capital Markets to oversee this growth. With a 15% Compound Annual Growth Rate (CAGR), Mr. Raamdeo predicts the market could double in the next five years.
The market boom of 2024 is even more significant than the legendary boom of 1992.
Additionally, Mr. Raamdeo emphasizes the importance of maintaining the current equilibrium, suggesting no changes in the budget or taxation policies for continued market stability.