Notably, the Sensex has closed positive on this day eight times in the past 10 years, giving it a growing reputation for bringing good fortune to investors. Sensex has experienced significant growth over the past decade. It skyrocketed from a value of approximately 26,850 points in 2014 to an all-time high of approximately 85,978 points in September 2024. This impressive trajectory reflects the average annual growth rate that has consistently attracted domestic and international investors. The performance of this index not only reflects market trends but also indicates India’s economic resilience and growth potential.
Bajaj Broking expects Nifty to target the 28,400 level by Diwali 2025.
“This target is consistent with an uptrend line on the annual chart connecting major highs since 2014, as well as measurements of significant past gains. However, the upward movement is not a linear trajectory but a volatility “We believe that a healthy correction will position the market for a long-term uptrend,” he said.
However, corporate earnings, which have enjoyed four consecutive years of healthy double-digit growth, are slowing as tailwinds from commodity pressures and improving BFSI asset quality fade.
“Nifty’s profit growth rate is likely to remain stable at a CAGR of approximately 12% from FY24 to FY26.Therefore, for Sambat 2081, Nifty’s profit growth is expected to remain close to its long-term average as valuation remains close to its long-term average. We expect it to bring similar benefits,” said Siddhartha Khemka of Motilal Oswal.
