{"id":1197,"date":"2022-02-04T16:29:10","date_gmt":"2022-02-04T10:59:10","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=1197"},"modified":"2022-02-04T16:29:12","modified_gmt":"2022-02-04T10:59:12","slug":"sensex-may-hit-100000-in-5-years-or-less-says-jefferies-chris-wood-sees-strong-macro-growth%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/sensex-may-hit-100000-in-5-years-or-less-says-jefferies-chris-wood-sees-strong-macro-growth%ef%bf%bc\/","title":{"rendered":"Sensex may hit 1,00,000 in 5 years or less, says Jefferies\u2019 Chris Wood; sees strong macro growth\ufffc"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Sensex may continue its stellar run and hit a staggering 1,00,000 points during the financial year 2027 or sometime in late 2026, said Jefferies\u2019 Global equity strategist Chris Wood in his weekly Greed &amp; Fear note. Although Chris Wood said that his target for the benchmark index may seem as an \u201caggressive assumption\u201d, he added that it \u201cis now eminently achievable on a five-year view assuming a trend 15% EPS growth and that a five-year average multiple of 19.4 is maintained\u201d. BSE Sensex started Friday\u2019s trading session at 58,918; it is down 5.6% from an all-time high of 62,245 points.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>India \u2014 growth investor\u2019s market<br><\/strong>Chris Wood has pinned the 1,00,000 target on Sensex in a week in which Finance Minister Nirmala Sitharaman presented the Union Budget for the next fiscal year, focusing on capital expenditure. India is the place for stock investors focusing on growth, Wood said. \u201cIn a G7 world where value investors may finally enjoy an extended period of outperformance over growth, until at least the Fed performs another U-turn, India should be a prime object of focus for growth-oriented equity investors, be they Asian and emerging market investors or global investors,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Resilience in equities<br><\/strong>Although domestic markets have seen a sharp correction recently, Wood remains confident. Foreign investors have sold $4.8 billion of equities year-to-date. \u201cBut the market would have suffered much more were it not for continuing healthy inflows into domestic mutual funds. Net inflows into domestic equity mutual funds totaled $9.3 billion in 4Q22 and $22.2 billion since March 2021,\u201d he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Indian stock markets, in Chris Wood\u2019s view, may prove to be surprisingly resilient in the face of rising interest rates. He draws this conclusion from seeing the housing cycle that picked up after a seven-year downturn. \u201cThis should translate in due course into a broader capex cycle which should be earnings positive and mean the stock market will prove to be surprisingly resilient in the face of rising interest rates,\u201d he said. Stamp duties on a country-wide level are up 59% on-year in April-November \u2014 a strong indicator of the improvement in the broader housing\/property cycle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the earnings front, the Jefferies global equity strategist expects strong growth. Wood said that the consensus earnings growth forecast for the MSCI India this year is 20.3% and Jefferies\u2019 India office is forecasting 19.2% earnings growth for Nifty next fiscal year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Threats ahead<br><\/strong>US Federal Reserve\u2019s tightening of policy measures and oil prices are the key concerns for Indian markets. Chris Wood said that it is important to note that the inflation problem is primarily an American and G7 one, not an Asian one. Oil prices, however, are seen as a concern by Chris Wood. \u201cStill GREED &amp; fear hopes that the Indian macro story will prove to be more resilient to a rising oil price than has been the case in previous cycles,\u201d he said. India\u2019s high foreign reserves of $634 billion strengthen Wood\u2019s view.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Obvious risks of further corrections in India have not been ruled out but Chris Wood remains firmly of the view that such externally driven corrections are buying opportunities. \u201cIf the current housing upturn proves to be the lead indicator of a broader private sector capex cycle, as was the case in 2002-03, then India should once again become one of the best performing stock markets in Asia as it was between 2003-2007,\u201d he added.<\/p>\n\n\n\n<h2 class=\"has-dark-red-color has-text-color wp-block-heading\" id=\"eqwires-research-analyst\"><strong>Eqwires Research Analyst<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-gray-color has-text-color wp-block-paragraph\"><strong><a href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-medium-gray-color has-text-color wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\"><strong>Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-medium-gray-color has-text-color wp-block-paragraph\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color wp-block-paragraph\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/twitter.com\/EqwiresRA\">Twitter<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color wp-block-paragraph\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color wp-block-paragraph\"><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sensex may continue its stellar run and hit a staggering 1,00,000 points during the financial year 2027 or sometime in late 2026, said Jefferies\u2019 Global equity strategist Chris Wood in his weekly Greed &amp; Fear note. Although Chris Wood said that his target for the benchmark index may seem as an \u201caggressive assumption\u201d, he added that it \u201cis now eminently achievable on a five-year view assuming a trend 15% EPS growth and that a five-year &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/sensex-may-hit-100000-in-5-years-or-less-says-jefferies-chris-wood-sees-strong-macro-growth%ef%bf%bc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sensex may hit 1,00,000 in 5 years or less, says Jefferies\u2019 Chris Wood; sees strong macro growth\ufffc&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":1198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,210,75,158,166,311,228,227,103,254,102,224,257,298,300,101,373,105,301,165,327,329,76,77,78,79,247,347,365,356,308,358,361,355,353,352,350,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,374,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,145,11,150,153,120,9,271,190,191,13,18,8,10,269,148,151,146,25,285,27,21,194,50,229,226,124,33,253,126,225,119,20,28,49,127,121,230,295,22,29,245,310,351,380,377,213,26,182,111,31,62,30,42,57,343,321,186,56,64,59,53,264,128,43,51,32,35,55,44,270,196,47,37,195,45,39,40,38,143,152,129,142,46,63,67,61,65,71,54,117,68,287,193,241,335,66,70,109,274,163,69,58,239,208,114,178,181,179,180],"class_list":["post-1197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-telegram-channel","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-intraday-tips-provider-in-india","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-option-trading-telegram-channel","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-sebi-registered-telegram-channel","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-best-stock-tips-provider-in-telegram","category-eqwires-best-stock-tips-provider-on-telegram","category-eqwires-genuine-stock-tips-provider","category-eqwires-high-accuracy-stock-tips-provider","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to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