A WHOOPING INDEX

Sensex hitting 50,000 is right now only a serious prediction for MorganStanley and a laughable target for others but believe it or not Brazil’s 50share benchmark index ’Bovespa’ went past 50,000 mark in May this year.Sensex crossing 15,000 was also unimaginable two years back but today it isa reality and very close to what former Sebi whole time member Madhukaruttered, predicting that Sensex will cross 16,000 mark also.

After acheiving this record landmark analyst feel that Sensex will cross25,000 mark by 2010, which big bull Rakesh Jhunjhunwala predicted in 2005only.Another brave statement from world’s leading investment bank Morgan Stanleypredicts Sensex to cross 50,000 mark 12 years from now in 2020. MorganStanley’s prediction came in February only and they still hold on to whatthey predicted earlier."You just need to factor in India’s GDP growth of 8 per cent along with aninflation of 5-6 per cent and the cost of manufacturing and assuming Sensexstocks will grow by 17-18 per cent till 2020, then it will work out to morethan what Morgan Stanley has predicted," Angel Broking’s CMD, DineshThakkar said.Also, the Sensex crossing 50,000 mark is in the realm of possibility withBrazil’s Sao Paulo Stock Exchange’s benchmark index Bovespa hitting 50,000mark first time ever on May 3 and closing around 55,000 mark last week.The landmark on the Indian bourses that will now be keenly awaited is NSENifty’s 5,000 mark which is just 614 points from yesterday’s close at 4,384points.Sensex with yesterday’s close at 14,964 is yet to record its first everclose above 15,000 mark, and when it does it will join an exclusive club ofworld bourses that currently trade above 15,000.Besides Bovespa, on Friday Japanese index Nikkei closed at 18,140 and HongKong’s index Hang Seng closed at 22,000 level.There are 50 companies listed in the blue-chip Bovespa stock index ascompared to 30 companies on the Sensex.