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Can Nifty hit 23k in a year?
India’s strong macro fundamentals, along with some positive global cues, are prompting brokerages to come out with healthy expectations for leading Indian indices. Cool-off in the US 10-year bond yields, moderation in crude oil prices, robust earnings performance by Indian companies during the last quarter, and expectations of better performance by the BJP-led ruling coalition in state elections are some of the factors that could take Nifty to 23,000 points by December 2024, a report by Axis Securities said on Monday.
India’s strong macro fundamentals, along with some positive global cues, are prompting brokerages to come out with healthy expectations for leading Indian indices. Cool-off in the US 10-year bond yields, moderation in crude oil prices, robust earnings performance by Indian companies during the last quarter, and expectations of better performance by the BJP-led ruling coalition in state elections are some of the factors that could take Nifty to 23,000 points by December 2024, a report by Axis Securities said on Monday. 
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