Nifty outlook: The Nifty 50 could scale fresh record highs over the next four to five months as falling US bond yields, a weaker dollar and renewed global liquidity potentially bring foreign investors back to Indian equities, according to Gaurav Bhandari, CEO of Monarch Networth Capital (MNCL).
Bhandari expects Nifty will hit new all-time highs of 26,000-26,500 within the next 4-5 months, arguing that a possible reversal in global macroeconomic conditions could create a favourable environment for domestic stocks.
He favours selective buying in quality stocks rather than adopting an overly defensive investment stance.
However, the forecast depends on global yields and currency movements evolving as anticipated, alongside sustained domestic inflows. Any reversal in these conditions could affect the market's trajectory.
His outlook hinges on three key developments: easing US bond yields, a weakening dollar and capital flowing out of low-risk investments into equities.