Baldev Prakash says Sensex, Nifty could rise 5-8% near term
In short
Baldev Prakash of SBI Securities said the Sensex and Nifty could rise 5% to 8% if outside worries ease.
He also said large-cap stocks could give 12% annual growth over 3 to 5 years. This is a forecast, so the actual market move is still unknown.
What the reporting says
Baldev Prakash of SBI Securities said Sensex and Nifty may gain 5% to 8% in the near term if external headwinds ease. He also said large caps could deliver a 12% CAGR over the next 3 to 5 years. The comment is a market outlook, not a confirmed move, so the immediate impact on indices remains uncertain.
Why it matters
This is a market comment from Baldev Prakash of SBI Securities about possible upside for the Sensex and Nifty if external pressures fade. The source also gives a longer-term view that large caps could deliver 12% CAGR over 3 to 5 years. Because it is only a forecast, there is no confirmed trading outcome or policy change.