MediumPositive
Announced Wed, 15 Jul · 16:43 IST

Expert view: Nifty may touch 27,000 by the year end or early next year, says Rohit Srivastava of Indiacharts

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AI summary

Expert Rohit Srivastava of Indiacharts sees Nifty 50 potentially touching 27,000 by year-end or early 2027, citing receding macro risks, falling bond yields, and strong bank credit growth as tailwinds. The index is already up 6.6% from the April bottom of 22,542, with the midcap index 3% above January highs and the small-cap index only 2.5% below. He recommends buying dips and accumulating growth stocks, favouring energy, metals, real estate, and banking sectors, while advising caution on IT stocks and flagging sugar as an interesting bottom-up play.