The stock market bellwether Sensex is likely to reach the 22,000-mark by March next year as foreign funds will remain bullish on the prospects of India growth story,says financial solution provider SMC Global Securities. It said that despite negative factors such as sinking industrial production,rising inflation and commodities prices,Sensex is likely to peak at 22,000 by March 2012 and its bottom levels are unlikely to slip below 18,000-mark since foreign fund will remain bullish on the prospects of Indian economy. The positive factors will remain dominant over negatives for the Indian economy and will continue influencing investors,including FIIs to stay glued to the Indian capital market with long-term perspective as foreign funds seem to be convinced that Indian government will not sacrifice growth at any cost to create demand,it said.
