Indian Equities To Be Worth $5 Trillion By 2022, Says Porinju Veliyath

Mr Veliyath made merry as the S&P BSE Smallcap index hit a fresh high 16,471.75 level.

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Indian Equities To Be Worth $5 Trillion By 2022, Says Porinju Veliyath

Banking, industrials, and power stocks led the gains in the sectoral landscape.

Dalal Street cheered positive global cues on Monday as the NSE’s 50 share barometer Nifty50 dashed past the 10,000 mark while the 30-share S&P BSE Sensex ended with a gain of over 200 points inching closer to Mount 32,000. Capital goods, power and utilities stocks led the gains in the sectoral landscape as investors heaved a sigh of relief because North Korea did not fire a fresh missile. Amid the optimism, Founder & CEO of Equity Intelligence India Porinju Veliyath, who is quite active on microblogging site Twitter, predicted that the domestic market will have a market value of $5 trillion by 2022.
 

He also shared, in the same tweet, another tweet of his that he had posted last year in March, which was as follows:
 

Mr Veliyath made merry as the S&P BSE Smallcap index hit a fresh high 16,471.75 level.

Twitterati then went on to praise the Indian markets hoping that it will continue the stellar returns. Here are some of the tweets that the people posted in reply to Mr Veliyath’s tweet:
 
 

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