New Delhi: With an expected earnings growth of 15 per cent, the benchmark index Nifty 50 could reach the level of 24,500 by December 2024 and cross the 26,500 level by December 2025, Emkay Investment Managers said on Tuesday.
The 50-share Nifty closed at 22,888.15 on Tuesday. In the previous day, it had a new lifetime peak of 23,110.80.
In the near future, the market's focus will be on the Lok Sabha election results on June 4.
The expected return of NDA rule with a base case scenario of 330 seats will lead to policy continuity as well as major reforms on land, labour, judiciary, which will support positive sentiment in Indian markets, said Emka Investment Managers Ltd, Portfolio Management Services Arm MK. Globa Financial Services was mentioned in a webinar on the market outlook for FY20F and FY26.In the longer term, a US Fed rate cut in Q3 or Q4FY20 as well as geopolitical developments and elections in the US and UK will be monitored, it said.
Manish Sonthalia, Chief Investment Officer, MK Investment Managers, advises investors to adopt a multi-cap approach with equal offerings in large-caps and mid-caps to take advantage of the broad-based growth in Indian equity markets.
On sectors, Sonthalia said banking, financial services and insurance (BFSI), public sector undertakings (PSUs), and industrial sectors are expected to perform well. As BFSI has led earnings growth and seen valuations improve, investment related themes will come into play with the build-up of power capex over the next 3-5 years.
“We are re-rating public sector units as some government entities will benefit in sectors like defence, oil marketing companies and power financiers.After being in a recession post-COVID, pharmaceuticals are expected to see a turnaround,” he added.
According to him, consumption, manufacturing, green energy, digitalization, artificial intelligence and financialization of savings will play an important role in the growth of the economy.
The 50-share Nifty closed at 22,888.15 on Tuesday. In the previous day, it had a new lifetime peak of 23,110.80.
In the near future, the market's focus will be on the Lok Sabha election results on June 4.
The expected return of NDA rule with a base case scenario of 330 seats will lead to policy continuity as well as major reforms on land, labour, judiciary, which will support positive sentiment in Indian markets, said Emka Investment Managers Ltd, Portfolio Management Services Arm MK. Globa Financial Services was mentioned in a webinar on the market outlook for FY20F and FY26.In the longer term, a US Fed rate cut in Q3 or Q4FY20 as well as geopolitical developments and elections in the US and UK will be monitored, it said.
Manish Sonthalia, Chief Investment Officer, MK Investment Managers, advises investors to adopt a multi-cap approach with equal offerings in large-caps and mid-caps to take advantage of the broad-based growth in Indian equity markets.
On sectors, Sonthalia said banking, financial services and insurance (BFSI), public sector undertakings (PSUs), and industrial sectors are expected to perform well. As BFSI has led earnings growth and seen valuations improve, investment related themes will come into play with the build-up of power capex over the next 3-5 years.
“We are re-rating public sector units as some government entities will benefit in sectors like defence, oil marketing companies and power financiers.After being in a recession post-COVID, pharmaceuticals are expected to see a turnaround,” he added.
According to him, consumption, manufacturing, green energy, digitalization, artificial intelligence and financialization of savings will play an important role in the growth of the economy.
