He believes that earnings support could catapult the BSE Sensex to levels of 50,000 by December 2021. Meanwhile, Citi India maintains its Nifty target of 15,000 for December 2021 (bull case of 14,500; bear case of 11,500). Surendra Goyal, Head of Research, expects the liquidity tsunami to continue and recovery to speed up further. Financials and Telecom are Citi s overweight sectors.
15,000 on the Nifty seems to be the consensus target on the street, as JP Morgan too believes that the 500-share index has the potential to conquer this level by year-end. Sanjay Mookim, Strategist, Head of India Equity Research lists out heavyweights like HDFC Bank, ICICI Bank, Infosys and HUL as some of the favoured stocks.