“I may not say that Sensex may cross 1 lakh, but there are high possibilities we will be at a new high. Sensex can likely cross the 90,000 level this year,” Tapse said.
Tapse explained that this positive trajectory will be seen mainly because money always chases safer zones. “Right now, India and China are the best-case scenarios. Though China may not fully benefit since the US has ongoing tensions with it. So, if you look closely, India stands out as the most attractive destination for US or global investment flows. In addition to that, supportive microeconomic factors—like food prices, inflation, and interest rates—are also contributing to this growth,” he said.
Meanwhile, Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital, sounds even more bullish and believes Sensex hitting 1,00,000 is well within the “realms of possibility.