The BSE Sensex should gain 10 percent between now and the end of the year, though only reaching levels seen in July 2011, provided economic growth recovers from a recent lull, according to a poll.
The 30-share BSE index will rise to 18,750 points by the end of 2012, according to the median forecast from a survey of 22 investment houses conducted over the past week, and then rise further to 20,400 by the middle of next year.
Indian shares, once considered a beacon of the Asian growth story, have lost their shine recently on concerns that India lacks the ability to pass tough economic reforms that would spur growth and reignite investor confidence in the country.
SABIC contributes to national development
The Saudi Basic Industries Corporation (SABIC) sponsored the Industrial Innovation Award which was presented to developers of new ideas for industrial projects at a ceremony held in Riyadh on May 18.