Amid global uncertainties and high valuations in the stock market, BSE’s benchmark index, Sensex, may reach 93,918 points by the end of 2026. Asset management company Client Associates (CA) has made this estimate in a report released on Wednesday. According to the report, the Sensex may increase by about 11 percent from its current level of 84,805 to reach 93,918 points by December 2026.
The company manages more than $7 billion in assets
Client Associates manages more than $7 billion of assets for wealthy and high-net-worth investors. According to the report, gold and silver performed well in 2025. The demand for gold increased significantly due to a weak dollar, geopolitical tensions and changes in monetary policy. In particular, purchases by central banks further strengthened gold’s role as a safe-haven asset. Meanwhile, global supply concerns and US-China tensions also contributed to a sharp rise in silver prices last year.
Investors need a balanced and disciplined strategy
Looking ahead to 2026, Client Associates believes the market direction this year could shift from a broad-based rally to opportunities based on selective, fundamental factors. “India’s domestic economic strength and improved earnings expectations are positive, but amid high valuations and global risks, investors will need to adopt a balanced and disciplined strategy,” said Nitin Agarwal, head of investment research at Client Associates.
Gold and silver will play an important role in balancing the portfolio
In its annual equity assessment report, the company said that in the current highly volatile market environment, gold and silver are emerging as important balancing assets for investment portfolios. The report estimates India’s GDP growth rate to be 6.8 percent for the current financial year. It further says that equities will remain important for building long-term wealth, but risk management and diversification will be essential.