Choice Wealth sees Nifty at 27,000 in 12 months
In short
Choice Wealth said the Nifty could rise to 26,500-27,000 and the Sensex to 86,000-88,000 over the next 12 months. It gave this view ahead of Diwali and Muhurat trading, and pointed to resilient growth and earnings.
The firm also said high oil prices and geopolitical tensions are risks. It prefers large-cap stocks, with some focus on healthcare and financial services.
What the reporting says
Choice Wealth expects the Nifty to reach 26,500-27,000 and the Sensex 86,000-88,000 over the next 12 months ahead of Diwali and Muhurat trading. The firm cited resilient growth and earnings as support for its outlook, while flagging elevated oil prices and geopolitical tensions as risks. It said it prefers large-caps, with selective exposure to healthcare and financial services.
Why it matters
Choice Wealth issued a 12-month market outlook ahead of Diwali and Muhurat trading, projecting the Nifty at 26,500-27,000 and the Sensex at 86,000-88,000. The view was tied to resilient growth and earnings, while elevated oil prices and geopolitical tensions were cited as risks. The note also signaled a preference for large-cap stocks and selective exposure to healthcare and financial services.