Nifty 50 Will Reach 19000 In 2022, Predicts Brokerage House

Nifty 50 will reach 19000 in 2022, predicts brokerage house.

Indian stock market is likely to rise by around 9 percent from the current level in the year 2022 and Nifty is expected to reach the level of 19,000 by the end of December.

Brokerage company Bank of America (BofA) Securities India has said that the bullish trend in the Indian stock market since mid-2020 may not continue as the new year will see several rounds of corrections.

The brokerage firm has not given any forecast about the BSE index Sensex in the report.

Amish Shah, a Research Analyst, BofA Securities, said that the bullish phase of the market, which started from June 2020 till October 2021, may not be sustained this year and the market returns may be limited to nine percent.

He said that Nifty may remain at the 19,100 mark at the end of December 2022.

He said the valuation of the Indian stock market is about 28 percent higher than that of emerging markets, while it is 22 percent higher than global markets.

Despite this, stocks of domestic companies will remain attractive and may give the second-highest returns after Taiwan.

Nifty 50 will reach 19000 in 2022: According to BofA Securities India, the new wave of the epidemic due to the new form of coronavirus, Omicron, is posing a big threat to the world economy.

In such a situation, central banks may tighten the liquidity facility sooner than expected to control inflation.

Shah said that from June, policy rates may be increased at least four times by 0.25 percent. Apart from this, the rupee can also go up to the level of 77 per dollar against the US dollar.

It is also estimated that the Reserve Bank of India may increase key interest rates by 100 basis points this year.