Nifty Targets 24,000 by Year-End? Expert Shares Market Outlook
Nifty Targets 24,000 by Year-End? Expert Shares Market Outlook
Get the latest Nifty forecast! Siddhartha Khemka predicts Nifty could hit 23,000-24,000 by year-end and 25,000-26,000 by FY27. Understand market movers.
Siddhartha Khemka, a leading expert from Motilal Oswal Financial Services, has shed light on the Nifty's potential trajectory for the remainder of the year and into Financial Year 2027. His insights come at a crucial time when the market is navigating weak earnings growth, persistent selling by Foreign Institutional Investors (FIIs), and notable pressure on large-cap banking and IT stocks.
Khemka anticipates a period of consolidation for the market. However, he remains optimistic about a potential recovery, projecting the Nifty could reach the 23,000, 24,000 zone by the end of the current year. Looking further ahead, his forecast for FY27 suggests an even stronger recovery, with the Nifty potentially climbing to the 25,000, 26,000 range.
The market's direction, he explains, will be influenced by several key factors.
Earnings performance will naturally play a significant role, as will the patterns of foreign investment flows.
The broader trends observed in large-cap stocks, particularly in the banking and IT sectors, will also be critical determinants.
Investors are keenly watching these elements as they shape the overall market sentiment and performance.
This outlook offers a valuable perspective for investors looking to understand the potential movements in the Indian equity market.
While current headwinds like subdued earnings and FII selling present challenges, the long-term view suggests a resilient path for the Nifty, underpinned by various economic and corporate developments.
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