Indian market
Sensex at 3 lakh by 2036? Market veteran Raamdeo Agrawal makes bold prediction amid current market volatility
Motilal Oswal Financial Services Chairman Raamdeo Agrawal has expressed strong optimism about India’s long-term market growth, predicting that the BSE Sensex could touch 1.5 lakh by 2030 and potentially 3 lakh by 2036.
“Three lakh in 12 years is more guaranteed than one-and-a-half lakh in six years. That is how compounding works,” Agrawal said while addressing the Groww India Investor Festival 2026, according to The Economic Times.
Reflecting on his decades-long market journey, he said, “I have seen Sensex go from 100 to 80,000 in 40 years. For me to believe the journey will be any different over the next 40 years, there is no argument for that.”
Agrawal also compared India’s benchmark index with South Korea’s KOSPI, noting that while the Korean index currently trades around 5,000 points, the Sensex has surged past 80,000, underscoring India’s remarkable market expansion.
His comments come at a time when Indian markets are facing heightened volatility due to the ongoing crisis in the Middle East.
According to the latest market update, the Sensex fell 1,354.26 points (1.75%) to close at 75,973.93, down from the previous close of 77,328.19. Meanwhile, the Nifty 50 dropped 371.45 points (1.54%) to settle at 23,804.70.
Selling pressure intensified during the final trading hours, pushing both benchmark indices close to their intraday lows.
Global crude oil prices also surged sharply amid fears of supply disruptions linked to the West Asia conflict. Brent Crude rose 2.48% to USD 103.80 per barrel, after touching an intraday high of USD 106, compared to the previous close of USD 101.29, according to media reports.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
