Diwali 2023: Stock market experts see Nifty 50 at 26000, Sensex at 85000 in two years
Stock market news: As Diwali 2023 is fast approaching, stock market experts and investors are busy finding out investment options that may generate alpha return in long term. For such retail investors mulling to make new investment on Diwali 2023 Muhurat trading, they are advised to know the levels of key benchmark indices or say Nifty 50 and BSE Sensex.
Once they know their reference, then only they will be able to beat the normal stock market returns over the period. According to stock market experts, bull trend in Indian stock market is expected to continue as upcoming US presidential polls in the US and Lok Sabha elections in India are going to hold key in next one year.
However, they maintained that FII inflow on Dalal Steet would continue as Indian economy has comparatively done better than most of the developed economies in last few years, especially in post-Covid-19 period. Buy or sell: Sumeet Bagadia says three stocks to buy on Diwali Muhurat trading Stock market experts said that by Diwali 2024, one can expect Sensex to touch at least 72,000 levels whereas the Nifty 50 index is expected to touch 24,000 levels.
However, they maintained that the Lok Sabha polls 2024 would be key as Narendra Modi government winning the polls with full majoarity would mean continuance of the government policies and this may add fuel to the Indian stock market. Diwali 2023 Picks: Nirmal Bang suggests these 10 stocks for Samvat 2080 Expecting bull trend to further continue, Harjeet Singh Arora, Managing Director at Mastertrust said, "In light of mounting fundamental tailwinds, the market is poised to sustain its prevailing bullish momentum into Vikram Samvat 2080.
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