InvestorQ : Nomura has set a Nifty target of 12,900 for March 2020. Is it really feasible for the Nifty to go that far in the next 8 months?
sara Kunju made post

Nomura has set a Nifty target of 12,900 for March 2020. Is it really feasible for the Nifty to go that far in the next 8 months?

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2 years ago
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To begin with this is a brokerage view and every brokerage house has a certain view on the market and it is backed by their reasoning. For example, in the case of Nomura, they re betting on financials, infrastructure and they also have a contrarian call on pharma industry. However, Nomura continues to be sceptical of consumption driven sectors like FMCG and automobiles.

However, Nomura is betting on a much stronger recovery in the year FY20 as compared to the previous year and largely led by the sectors mentioned above. However, Nomura has also cautioned the financial sector liquidity crunch and the delayed monsoons could pose a risk to the growth story in India.


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