MK Global expects Nifty to reach 24,500 by December 2024 and cross the 26,500 level by December 2025.
According to the report, the market's focus will not be on the Lok Sabha election results in the near future. The expected return of NDA governance with a base scenario of 330 seats will result in major reforms as well as policy continuity which will support positive sentiment in Indian markets.
The brokerage firm also advised adopting a multi-cap approach with equal offerings in largecaps and midcaps to take advantage of the broad-based growth in Indian equity markets.
Sharing views on the sectors, Manish Sonthalia, Chief Investment Officer, Emkay Investment Managers Ltd (the portfolio management services arm of Emkay Globa Financial Services) said, “BFSI, PSU and industrial companies are expected to perform well, with BFSI earning Has led.” “While growth and valuations have seen improvement, investment-related themes will come into play with the build-up of power capex over the next three to five years.”
"We are re-rating public sector units as some government units will benefit in sectors like defence, oil marketing companies and power finance," he said.
According to the report, the market's focus will not be on the Lok Sabha election results in the near future. The expected return of NDA governance with a base scenario of 330 seats will result in major reforms as well as policy continuity which will support positive sentiment in Indian markets.
The brokerage firm also advised adopting a multi-cap approach with equal offerings in largecaps and midcaps to take advantage of the broad-based growth in Indian equity markets.
Sharing views on the sectors, Manish Sonthalia, Chief Investment Officer, Emkay Investment Managers Ltd (the portfolio management services arm of Emkay Globa Financial Services) said, “BFSI, PSU and industrial companies are expected to perform well, with BFSI earning Has led.” “While growth and valuations have seen improvement, investment-related themes will come into play with the build-up of power capex over the next three to five years.”
"We are re-rating public sector units as some government units will benefit in sectors like defence, oil marketing companies and power finance," he said.
