23,000 or 25,000? Here's where experts see Indian benchmark Nifty 50 by FY25-end

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BSE Sensex achieved a record-breaking level of 75,124, and the Bank Nifty ascended to a new peak of 48,940. Meanwhile, analysts also noted that today's rally is broad-based, with the small-cap index nearing its all-time high and the mid-cap index reaching a new pinnacle at the 41,172 mark.

According to stock market experts, the recent uptick can be attributed to several factors. These include speculation surrounding a potential rate cut by the US Federal Reserve, abundant liquidity in the market, positive sentiments prevailing in global markets, robust performance in Q4 of 2024, and anticipation of a turnaround in the Chinese economy.

Read here: Stock market may see a sharper correction in next fortnight, says Sanjiv Bhasin Fueled by India's strong economic prospects and a surge in retail investor participation, experts anticipate that the Indian stock market's unprecedented rally could continue. The increasing influence of retail investors acts as a buffer against potential downturns, even in the event of foreign capital outflows resulting from delayed or minimal rate adjustments by the Fed.

So how much can the benchmark index Nifty surge in this new financial year with the focus on upcoming elections as well as hopes of a rate cut in the latter half? Here's what analysts predict. Read here: Why is Indian stock market flirting with new highs? — explained with 5 reasons Reflecting on the past year, where Nifty 50 exceeded expectations with a remarkable 25 percent return, current valuations in India appear rich, with a trailing twelve-month Price-to-Earnings (P/E) ratio standing at 30x and market capitalisation to GDP ratio at 125 percent.