Indian stocks to scale new highs: Poll

Weak corporate earnings remain a concern, Sensex will reach record high by year-end

The Sensex will reach a record high by year-end, driven in part by confidence the government will likely pass through reforms, according to a Reuters poll of strategists who said weak corporate earnings remained a concern. 

With gains of over 15 per cent so far this year, the Sensex has outperformed most major global indices, overriding worries about domestic company performance in part, thanks to a pool of global investor cash looking for higher returns. It is now forecast to rise 7 per cent to 33,000 by December-end from Wednesday's close of 30,834. It is then expected to reach 34,500