Can Nifty 50 hit 25,000 by General Elections 2024?

India's economic growth outlook is strong and if the current government continues after the Lok Sabha elections next year, it may give a strong impetus to market sentiment..

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Some experts see the possibility of Nifty touching the levels of 24,000-25,000 by the General Elections 2024.

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HandmNifty may trade in the range of 23,000-23,500 by June 2024-Shrey Jain, Founder and CEO of SAS Online

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we expect Nifty EPS (earnings per share) to be 1,080 and 1,250 in FY25 and FY26. Given a P/E (price-to-earnings ratio) 19-20 times, Nifty can trade in the range of 22,800-23,500.-Santosh Pandey, President and Head, Nuvama Professional Clients Group

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foreign portfolio investment (FPI) flows have turned positive, bolstering the sentiment for long-term investment in India. These combined elements are creating a favourable economic environment.-Anita Gandhi, Director, Arihant Capital