Analysis

Speculating the Surge: BSE Sensex's March Towards 90,000 by 2024 and Google's Parent Alphabet Inc. GOOG in Focus

Published September 20, 2024

As investors keep a keen eye on market indicators, a topic of high interest is whether the Bombay Stock Exchange (BSE) Sensex will escalate to the milestone of 90,000 points by December 2024. Market analysis often turns to chart patterns for forecasting, attempting to delineate the trajectory of this key Indian stock index over the upcoming years. Such prognostications are pivotal for investors globally, including those interested in major technology stocks like Alphabet Inc. GOOG, the powerhouse behind both Google and its various subsidiaries.

A Glimpse into Alphabet Inc. GOOG

Alphabet Inc., established as Google's parent company during a strategic restructure in 2015, represents an influential player in the technology sector. With Mountain View, California, serving as its headquarters, Alphabet exerts significant overarching control over Google's operations while managing a portfolio of diverse ventures. Its status as the world's fourth-largest tech enterprise by revenue, paired with its cachet as one of the most valuable companies globally, makes Alphabet's stock GOOG a critical watch for investors. Notably, Google's co-founders continue to exert influence at Alphabet through their roles as controlling shareholders, board members, and employees.

Market Projections and the Sensex Outlook

Turning towards the BSE Sensex's potential climb to the 90,000 mark, analysis of chart patterns and economic variables provides a nuanced view. In addition to considering macroeconomic conditions, geopolitical events, and corporate performance within India, global investors must also factor in the performance of international giants such as Alphabet Inc. GOOG. Breakthroughs, regulatory changes, and market trends that affect high-caliber stocks can play a role in swaying indices like the Sensex, weaving a complex tapestry that leads to the indices' overall performance.

Sensex, Alphabet, GOOG