New Delhi, March 18 -- Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities sees Nifty at 23,500 by 2025-end. Sheth doesn't expect the markets to scale new highs in 2025. The best case scenario for markets will be to remain range bound from 26,277 to 21,281, the expert added. Amid high uncertainty in the market, Sheth advises investors to follow a balanced approach and diversify investments into multiple non-correlated asset classes to minimise the damage from one asset class (equity). Edited Excerpts:

Our target for Nifty is 23,500.

Nifty has witnessed a sharp correction of more than 15% from the highs of 26,277. The frontline index valuations are now reaching close to the long-term averages. Thus, the downside appear...