India's booming stock market is likely to be slowed by 2020

The BSE Sensex index was projected to increase another 6.7 per cent to 43,645 points from Monday's closing of 40,889 points by the end of next year. Over the past two months, it has achieved over 13 per cent and set record highs continuously after several measures were declared by the Indian government, including a tax reduction.

The predicted stock increase in the November 11-26 survey of 50 analysts would be half the rally so f....