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MARKET OUTLOOK:SENSEX, NIFTY MAY GAIN 15% IN 2024

The Morning Standard

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January 01, 2024

INDIA’S benchmark indices (BSE Sensex and Nifty) may touch new milestones in the calendar year 2024 after making double-digit gains in CY2023.

MARKET OUTLOOK:SENSEX, NIFTY MAY GAIN 15% IN 2024

According to market analysts and brokerage firms, strong corporate growth earning outlook and increased foreign institutional investors (FII) participants may push Sensex well above the 80,000 mark and Nifty has all the possibility to hit the 25,000 level.

Gaining about 20% each, Sensex closed 2023 at 72,240 while the 50-share pack Nifty signed off at 21,731.

Domestic brokerage firm ICICIdirect believes that the two benchmarks are eyeing a potential upside of 15% from the current levels. It anticipates the Nifty 50 to claim the 25,000 mark by the end of 2024 and the Sensex target is set at 83,250.

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