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Indian equity markets’ next leg projected: Nifty may reach 29,000-30,000 this Samvat
Strategist expects Nifty to hit 29,000-30,000 this Samvat year (+15-20%), led by liquidity, policy support and comeback across sectors.
Equity-market strategist Vikas Khemani believes India’s benchmark Nifty 50 could soar to 29,000–30,000 in the current Samvat year, implying potential gains of 15-20 %. He points to strong domestic liquidity, favourable policy cadence, corporate earnings revival and improving manufacturing activity as key drivers. Financials, consumer goods and manufacturing sectors are expected to lead. Khemani cautions that investors should avoid over-valued names and focus on execution-oriented firms.