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Macro Uncertainty Triggers 'Selective And Cautious' Start For Indian Stocks, Says Nomura
The year-end target for Nifty by Nomura implies a mere 2.6% upside from Tuesday's close.
15 Jan 2025, 08:30 AM IST 
As of Monday, the benchmark Nifty 50 saw its worst start to a year since 2016, with a fall of 4.83% in the first nine sessions. (Photographer: Vivek Amare/NDTV Profit)
India's stock market is witnessing a cautious and selective start to 2025, given that the macroeconomic outlook is once again "clouded in uncertainty", according to Nomura Global Markets Research. The brokerage assigned a year-end target of 23,784 for the benchmark Nifty 50, after factoring in a 5% downside to the current consensus earnings expectations. The year-end target implies a mere 2.6% upside from Tuesday's close. The rise in...
