Ambit’s Nitin Bhasin says Nifty may stay range-bound
In short
Nitin Bhasin of Ambit said the Nifty may stay in a fairly narrow range over the next 12 months, maybe plus or minus 5% from current levels. He also said India is not exciting foreign investors and that some headwinds are still not fully priced in.
That is a cautious view for the market. The report does not say which headwinds he means or give a more precise target for the index.
What the reporting says
Nitin Bhasin of Ambit said the Nifty could stay within a narrow band of plus or minus 5% over the next 12 months. Business Standard’s summary said he argued India is not exciting foreign investors and that headwinds are not fully priced in. The immediate takeaway is a cautious market view, but the snippet does not identify which headwinds he expects or what level he considers the current base.
Why it matters
Bhasin’s comments suggest limited upside for the Nifty over the next year, with a possible range of plus or minus 5% from current levels. The view is tied to foreign investor appetite and unpriced headwinds, according to the summary. The snippet does not specify the headwinds or any sector-level winners and losers.