Emkay Investment Managers Ltd. (EIML) forecasts significant growth for India’s stock market, expecting a 15% earnings increase to push the Nifty 50 index to 24,500 by December 2024 and potentially surpass 26,500 by December 2025. Key factors include the upcoming Indian elections, with policy continuity likely if the NDA secures 330 seats. Global geopolitical events and potential US Federal Reserve rate cuts may also influence market movements. EIML recommends a multi-cap investment strategy, balancing large-cap and mid-cap stocks. Promising sectors include BFSI, PSUs, industrials, pharmaceuticals, and consumer discretionary.
Emkay Predicts Robust Growth for Indian Stock Market by 2025
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