While some see the indices rising 25% in the next two years, others say the Nifty could touch 20,000 by the end of FY24.
Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies, said,"We expect the Nifty to touch 20,000 by the end of FY24, which is a 6.6% upside from the current levels."
U R Bhat, director of Alphaniti Fintech, added, "We have been seeing sustained FPI (foreign portfolio investors) buying in Indian equities. India is a bright spot among emerging markets, and a lot of money that could have been directed to other emerging markets such as China is making its way to India."
According to Nilesh Shah, MD of Kotak Mutual Fund, the momentum of markets is being driven by expectations of superior long-term growth. As long as India can deliver on earnings, governance, and green transformation, indices will continue to deliver.
Denne historien er fra June 20, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra June 20, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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