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Investors can become rich from the stock market! Sensex may touch 62,000 level by 2022

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BSE Sensex Update: This year there is good news for the investors investing in the stock market. If you are also planning to invest money in the market in the year 2022, then there is good news for you. French brokerage firm BNP Paribas believes that despite pressure on valuations, BSE Sensex will climb in the year 2022 and is expected to reach 62,000 mark by the end of next year.

investment will get a boost
The brokerage firm, while releasing its outlook for the BSE in 2022, said strong growth forecasts in the medium term should support the valuation. Consumption and investment should increase with the stability of macro-economic parameters.

Know what is the opinion of experts?
In fact, differences are being seen among the brokerage firms regarding the valuation of the market. Some experts believe that there is scope for further upside in the market, while some experts are apprehensive about it.

Will get the benefit of fast growth in GDP
Analysts at BNP Paribas said a sharp rise in gross domestic product (GDP) after the second wave of the pandemic and employment rebound to pre-Covid levels with movement resumption are likely to accelerate consumption. . However, apprehensions remain about the outcome of the increase in the capacity of companies in investment growth. In such a scenario, analysts at BNP Paribas feel that the Indian capital expenditure cycle is now on the cusp of a sustainable revival.

Money reserves will get support
Experts have also expressed apprehensions about the falling price of rupee against the dollar. However, the recovery in crude oil and strong foreign exchange reserves will provide support.

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