Stock market news: The Indian stock market has been on an uptrend after the 'sell-off trigger ', a sudden and significant decrease in the value of stocks, post-Lok Sabha Election results. The Nifty 50 index breached the resistance, which was placed at 23,300, and the 50-stock index is now facing a new hurdle at 23,500. According to experts, the Indian stock market expects a growth-oriented Union Budget in 2024. One can expect a pre-budget rally in which Nifty may touch the 24,200 mark ahead of the interim budget 2024. They added that Nifty may touch the 25,000 mark by Diwali 2024. They also said that the Nifty 50 index may reach 30,000 by the end of 2025.
Triggers for the Indian stock market
Delving into the factors that could shape the Indian stock market in the near to medium term, Avinash Gorakshkar, a seasoned Head of Research at Profitmart Securities, provided a meticulous analysis. He emphasized, "The interim budget 2024 is poised to be a significant catalyst for the Indian stock market. The market is eagerly anticipating a growth-oriented Union Budget from the first budget of the Modi 3.0 government. The next pivotal event for the market would be Diwali 2024. Based on these factors, we can anticipate an 8-10 percent rally in the Indian frontline indices. Even in a worst-case scenario, we can still expect such returns from the Indian stock market by the end of this year." This expert analysis establishes a robust basis for the predictions, fostering a sense of confidence in the audience.
However, Gorakshkar maintained that there would be a sell-off ahead of the pre-budget rally, and the Nifty 50 index may come close to the 23,000 mark or maybe below 23,000. Fresh rallies may take time till the interim budget presentation date is announced. He advised long-term investors to have their money ready for bottom fishing. He asked about the value picks and advised investors to look at the realty, auto, capital goods, and banking segments to find value picks.
Nifty 50 trend post-COVID
"In the post-COVID scenario, we have observed that a bull market in India tends to endure longer than a bear market. This tenacity is why we witness a strong rebound in the Indian stock market. It is a testament to the market's resilience that it is a longer bull market than the bear market, which has allowed Dalal Street indices to scale new peaks on a regular basis after a pullback post-sell-off trigger," reassured Sumeet Bagadia, Executive Director at Choice Broking. This robustness of the Indian stock market should instill a sense of security in the audience.
"It has been observed that in one year, the Indian stock market experienced three bull markets and three bear markets. After every bull market, we witness around 800-900 points rally on Nifty, which implies we can anticipate around 166-1800 points rally in the 50-stock index by the end of 2024. In 2025, we can expect the Nifty 50 index to register around 2400 to 2700 points rally in the Nifty 50 index or, say, around 10 percent rise on a year-on-year basis. So, by the end of 2025, we can expect the Nifty 50 index to touch the 27,500 to 28,000 level," said Ganesh Dongre, Senior Manager of technical Research at Anand Rathi. This long-term potential of the Indian stock market should evoke optimism and hope in the audience.
Sumeet Bagadia of Choice Broking said that in the post-budget rally in 2026, we can expect the Nifty 50 index to touch the 30,000 mark.
Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
First Published:
17 Jun 2024, 01:56 PM IST
FAQs
One can expect a pre-budget rally in which Nifty may touch the 24,200 mark ahead of the interim budget 2024. They added that Nifty may touch the 25,000 mark by Diwali 2024. They also said that the Nifty 50 index may reach 30,000 by the end of 2025.
What is the forecast for Nifty 50? ›
He believes the short-term trend of Nifty 50 continues to be positive and a sustainable move above 25,400 levels could pull Nifty towards the next upside of around 25,800 in the near term.
How do you know if Nifty 50 will increase or decrease? ›
These factors can cause changes in the NIFTY index. Stock Price Movements: If the prices of the individual stocks in the index increase, the index value will also rise. On the other hand, if stock prices decline, the index value will decrease.
How will the market be in 2024? ›
While experts are optimistic about continued growth in 2024, they advise caution due to potential global influences and recommend focusing on large-cap stocks.
What is the target of Nifty in 2030? ›
India Nifty 50 will reach 30,000 level before 2030: Strategist.
What is the price of Nifty 50 in 2025? ›
The equity market steamrolled through a rocky H1FY25, with the Nifty delivering more than 13% returns since March 31, 2024. Brokerage firm Emkay Global Financial Services raised its Nifty 50 target to 26,000 for September 2025, up from 22,000 for June 2025 earlier, with a generous target PER of 22x.
What is the future price of Nifty 50? ›
Related ETFs
| Name | Last | Time |
|---|
| NBES Nippon Nifty 50 BeES | 283.74 | 283.74+0.31% |
| ICNI ICICI Prudential Nifty | 282.28 | 282.28+0.15% |
| HDFN HDFC Nifty Growth | 280.93 | 280.93+0.37% |
| UTIN UTI Nifty | 275.99 | 275.99+0.35% |
4 more rowsCheck Bank Nifty's average daily movement by tracking historical volatility, examining daily price changes, and considering derivative indicators such as option open interest, call/put ratios, and cost-of-carry movements.
How do you know if the stock market will go up or down? ›
If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. Understanding supply and demand is easy.
How do you know if the market will rise or fall? ›
If you study prices over a long period of time, you will be able to see all three types of trends on the same chart. Watch the slope – The slope of a trend indicates how much the price should move each day. Steep lines, moving either upward or downward, indicate a certain trend.
As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.
What will the economy do in 2024? ›
We foresee real GDP growth averaging 2.5% in 2024 and easing to 1.7% in 2025.
How will stock market do in 2025? ›
The Fed's median forecast for 2025 is 4.1%, while nearly all market participants currently see rates below 4.1% by September 2025, according to the CME FedWatch Tool.
What is the target of Nifty 50 in 2024? ›
The Nifty 50 Trajectory
While some experts opine that the index is now fairly valued, others expect more minor declines. Nevertheless, the Nifty 50 target for December 2024 has been tentatively pegged at 24,600 (in a bearish scenario) and 26,000 (if we see a further bullish run).
Will Nifty reach $100,000? ›
If Nifty touches 90000–100000 by 2030, how would it affect the stock prices in general?: This prediction was made by Rakesh Jhunjhunwala on February 21, 2021. He is very bullish on the India markets and expects NIFTY to reach these levels by 2030. Rakesh Jhunjhunwala expects Nifty 50 to reach 100k by 2…
What is the Nifty prediction for the next 5 years? ›
Raamdeo Agrawal: Nifty is hovering around 22,000 levels. If you get 15% compounded on a five-year basis, you're talking about 44,000-45,000 in the next five years. Nifty should kiss the 50,000 mark by 2030-2031.
Is Nifty bullish or bearish tomorrow? ›
Nifty is trading in a sideways to bullish range between 24750 and 25000. With strong support at 24750-24650 and resistance at 25000-25100, a break above 25400 could lead to further upward momentum.
What is the outlook of Nifty share price? ›
Bank Nifty Prediction Tomorrow - 18 September
| NIFTY Levels | FINNIFTY Levels |
|---|
| Support 1 | 25230 | 23880 |
| Support 2 | 25270 | 23830 |
| Resistance 1 | 25450 | 24100 |
| Resistance 2 | 25500 | 24160 |
1 day ago
If you're seeking higher growth potential and are comfortable with more volatility, the NIFTY Next 50 offers an attractive alternative. Diversifying your investment across these indices can also be a prudent strategy, allowing you to balance risk and return according to your investment profile.
What is the return of Nifty 50 for 10 year? ›
Likewise, for the 10-year investment horizon, based on daily rolling return analysis, the Nifty 50 TR index has delivered a return of more than 15% p.a. for 47.9% of the time.
