BofA Predicts Nifty to Reach 26,500 by 2025, Expects Broader Market Underperformance
Bank of America (BofA) has projected the Nifty 50 index to reach 26,500 by 2025, signaling a moderate growth outlook for India's benchmark stock index. The global financial institution's forecast suggests a more cautious trajectory for the broader market, expecting it to underperform relative to the Nifty in the coming years. BofA analysts have highlighted a challenging macroeconomic environment, including global interest rate hikes and geopolitical tensions, as key factors weighing on market sentiment. They anticipate that while large-cap stocks represented by the Nifty 50 may show resilience due to robust earnings growth and financial stability, the broader market, including mid and small-cap stocks, is likely to face headwinds in comparison. The projection reflects a tempered growth outlook for Indian equities, as BofA foresees limited upside potential for the broader market. Investors are advised to remain selective and focus on large-cap stocks within sectors showing stron...