Sensex may cross 30,000 level: Kela

Kela will be taking over as the Chief Investment Strategist at Reliance Capital.

Hinting at near doubling of investments made in stocks,Anil Ambani group’s renowned fund manager Madhusudan Kela has predicted that the benchmark Sensex will cross 30,000-point level in the next 3-5 years.

Although cautious about the market outlook in the next three months,Kela told PTI that he was highly bullish in the longer term.

Kela will be taking over as the Chief Investment Strategist at Anil Ambani group’s financial services arm Reliance Capital from September 21,following his elevation from Head of Equities at Reliance Mutual Fund currently.

“I am bullish about the stock market’s performance in the medium to long term and expect the Sensex may even go beyond 30,000 level in the next 3-5 years. FII inflows are also expected to be robust in the long term,” Kela said.

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