New Delhi, Dec. 26 -- Rohit Srivastava, founder and market strategist at Indiacharts.com, believes the Indian stock market can potentially rise to 33,000 and the Bank Nifty can hit 72,000 by the end of 2026. He also points out that gold and silver are extremely overbought on their monthly charts, and says he firmly believes that equities will outperform precious metals next year. In an interview with Mint, Srivastava shared his views on the Indian stock market outlook, the IT sector, and the FII-DII dichotomy.
Edited excerpts:
Since 2023, the Nifty 50 has moved up in line with earnings growth - so if we price in an earnings revival to 15% for the calendar year 2026 (CY2026), then yes, we can expect to see Nifty at 30,000 by year-end.
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