Just a matter of time before Nifty hits 20,000: Aditya Shah

economictimes.indiatimes.com:

«So it is just a matter of time that we hit 20000 no question about it. Lenders and banks let the market up in the July series and now we will see the FMCG companies and all other companies like the pharma companies should boost their results,» says Aditya Shah, Founder, Hercules Advisors.Though US markets are still waiting to hit that all-time high levels be it the Dow or the NASDAQ Index but for the Indian benchmark indices July series has been a fantastic one. Fourth straight month that we are seeing the benchmark indices clocking gains as well as record high levels but we are still waiting that 20000 mark, so going ahead in the August series do you expect that to hit as well as, as per you what could give Nifty that boost to reach and touch that mark?As we speak, I think that the Nifty will hit 20000 that is in August or September mostly.

I see that the results will have been very strong in India. The Indian economy per se is continuing to show some strength.

We have come out of a very bad phase for the economy right from 2018 right up till 2021 and from 2022 onwards the economy has started to heal up and we are the fastest growing economy in the world. Just today I was on a call with the management they were saying that China is continuing to slow down whereas India is continuing on its upward journey.

So it is just a matter of time that we hit 20000 no question about it. Lenders and banks let the market up in the July series and now we will see the FMCG companies and all other companies like the pharma companies should boost their results.