Domestic broking firm ICICIdirect has set Nifty target for December 2024 at 25,000 by valuing the index at 20x PE on FY26E EPS of Rs 1,250 per share with corresponding Sensex target set as 83,250
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction