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Sensex may touch 30,000 by December-end: Nirmal Jain, India Infoline
Quick decisions to revive investment and growth will keep market sentiment high and lift the Sensex to about 30,000 by the end of the year, according to Nirmal Jain, chairman of India InfolineBSE 5.67 %. Entrepreneurs' decision to invest is based on expectations of profit and not on actual profit itself, which is why it is important for the government to revive sentiment, he says.
| Mumbai, India
Quick decisions to revive investment and growth will keep market sentiment high and lift the Sensex to about 30,000 by the end of the year, according to Nirmal Jain, chairman of India InfolineBSE 5.67 %. Entrepreneurs' decision to invest is based on expectations of profit and not on actual profit itself, which is why it is important for the government to revive sentiment, he says.
