Nifty outlook: Jefferies’ Mahesh Nandurkar sees 8–9% returns, range-bound market ahead

Indian markets are expected to remain range-bound with 8–9% Nifty returns over the next year, says Jefferies’ Mahesh Nandurkar. Strong domestic inflows support downside, but equity supply and weak FPI participation cap significant upside, keeping consolidation intact.

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