Global financial services major HSBC has set an optimistic benchmark BSE Sensex target at 30,500 for December-end, 2017 saying that structural reforms like demonetisation and GST will boost growth in the long run.


Besides, the growth would be helped by higher public investment, bankruptcy code and direct transfer of subsidies. "It could be possible that India will soon adopt the challenging yet beneficial path to reform and reaps the harvest of good governance, buoyancy in tax revenue and an environment conducive for business activity, far from fear of red tape and complex and opaque norms," HSBC Global Asset Management Company CIO Tushar Pradhan said.


Exuding optimism about India's growth trajectory, Pradhan said that "HSBC has set a Sensex target at 30,500 for December-end 2017". Sensex is currently trailing at 26,000-27,000 levels. The benchmark closed today at 27,140.41 -- up 240.85 points from the previous close.