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Daily Money Show 1076 - Sensex 3 Lakh Target and Gold Mining Stock
Original: Ep-1076 | Daily Money Show | Stock Market News Today
Takeaway
Long-term India equity remains attractive on 15% CAGR math, but watch RBI policy and the small-cap Deccan Gold story unfolding post-clearance.
Summary
- Sensex closed +443 at 81,442; Nifty +130 at 24,750; RBI MPC outcome expected next morning with 25bps rate cut priced in
- Raamdeo Agrawal projects Sensex at 1.5 lakh by 2030 and 3 lakh by 2035 based on historical 15% CAGR (market doubles every 5 years)
- Deccan Gold Mines surged after Andhra Pradesh Pollution Control Board granted clearance for Jonnagiri gold project - guidance of 400kg this FY scaling to 750kg at peak
- Warns of rising COVID cases in India (4000+ cases, 44 deaths) and explains Tatkal ticket scalping via broker botnets - new IRCTC anti-bot measures coming
market updateRBIgold mining
Original description
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