Sensex Poised to Hit New Milestones Aligned with India's Economic Prospects

• Sensex growth has closely tracked India's nominal GDP growth over the long term

• Sensex at 75,000 seems reasonable based on valuation metrics and India's economic prospects

• Lower inflation has brought down nominal GDP and equity returns over the past 10-20 years

• Past Sensex returns are in line with nominal GDP growth historically

• There are reasons to be optimistic about Sensex achieving new milestones in the future