Sensex breaches 50,000-mark: Indía's economic revival to further propel indices, says Prabhudas Lilladher Joint MD Amisha Vora

As Sensex scripted history on Thursday by breaching 50,000-mark for the first time ever, Zee Business Managing Editor Anil Singhvi spoke to Amisha Vora, Joint Managing Director at Prabhudas Lilladher, and sought her views on this achievement by the BSE index.

"This year we saw a dip. We have noticed every time there was a chaos in the financial market world over and when central banks step in, we get benefited by it a lot as an emerging market and young economy.  So, we are all happy of having benefit of that and I hope we all do very well to take full advantage of this unleashing of a bull run," Prabhudas Lilladher told the Market Guru.

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Talking about journey ahead as the Sensex already crossed 50,000 level, Amisha Vora said currently it does appear that the valuation is slightly lofty but it is also the fact that the economy revival that is being seen in the country is not for six or eight months. "Most likely India is going in a virtuous cycle in which the real estate sector and its multiplier effect that had clogged for the past 10 years will now unleash. In fact, this will be with actual demand and not with major incentives. Natural forces such as low interest rate, work from home will push the real estate, which in return will provide huge support to the economy," Vora said.

She added that PLI scheme for manufacturing sector, record-low income tax rate for corporate sector, GST reform show that India is going in virtuous cycle. She said, "There will be volatility in the stock market this year but overall, this phase will continue and long-term investors will benefit. Partial profit booking can be done but long-term is a good option."

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Talking about Budget 2021, Amisha Vora said all-in-all this will be a good package, but as far as financial market is concerned, expectations are on little higher side. "Currently, the market is moving slightly ahead of the time," she added.