stock market Investors are disappointed. The reason for this is the slow movement of the stock market, due to which investors are not getting returns as per expectations. 2024 has not been good for stock market investors. Gold and silver gave much higher returns than Sensex and Nifty last year. Even this year, the market is still going through ups and downs. However, now good news has come. India’s $5 trillion stock market is expected to gain for the 10th consecutive year this year, driven by improving economic growth as well as strong corporate earnings, according to a report by brokerage firm Citigroup. Let us know what target has Citigroup set for Nifty for this year?
Nifty will reach the level of 26,000
Citigroup expects India’s $5 trillion stock market to grow for the 10th consecutive year in 2025. The brokerage firm has set a target of 26,000 for the benchmark NSE Nifty 50 index by the end of this year, which means the Indian market will give at least 10% returns till December 31. The gauge remained about 5% above the Wall Street bank’s forecast of 22,500 in 2024.
Record investment of retail investors in the market
Retail i.e. small investors bought shares worth Rs 1.5 trillion on the National Stock Exchange of India Limited in 2024, which is a record. Market participants expect strong domestic investment to still remain a buffer against weak urban demand, a falling currency and rising global yields. Let us tell you that Citi, along with Morgan Stanley, has predicted double digit returns for the Indian market. Morgan Stanley believes India’s second benchmark, the BSE Sensex, will rise 18% in 2025 as retail buying outpaces the supply of new shares.
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