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Friday, December 2, 2011

BSE Sansex share prices forecast 2012

BSE Sansex share prices forecast 2012 ; India's main stock index should rise almost 17 percent by the end of next year as investors bet on a possible cooling off in inflation and a reversal in the interest rate tightening cycle in Asia's third-largest economy, a Reuters poll showed.

The main 30-share BSE index will likely rise to 19,250 points by end-2012 from Thursday's close of 16,483.45 points, according to the median forecast from a Reuters poll of 20 market participants.

The index should rise over 9 percent by mid-2012 to 18,000 points, the poll conducted over the past week showed, lower than the 19,500 level seen in a September poll.

Indian shares are down about 20 percent this year to be among the world's worst-performers as a string of interest rate increases to reduce high inflation have started to eat into company profits, while slowing local growth and the European debt crisis have forced foreign funds to cut inflows.

A fall in the main index this year would be only the second annual decline in a decade. Data on Wednesday showed India's economy grew at its weakest pace in more than two years in the September quarter. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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