Nifty Will Likely Hit Record High In 2025, Says Goldilocks Global's Gautam Shah
NSE Nifty 50 will likely hit a fresh high in calendar year 2025 as underlying factors indicate a bull market sentiment, said Goldilocks Global Research Founder Gautam Shah.
The last 10-day trend suggests Nifty 50 is moving into the 500-point range despite current developments. The Nifty 50 index has not corrected even 2–3% after it witnessed a 'fabulous' run in the last two and a half months. This implies underlying strength. This means that Indian markets are showcasing bull-market characteristics; the momentum is excellent. The participation is great, Shah said in an interview to NDTV Profit.
The Nifty 50 is just 5.8% away from its record high of 26,277.35 as compared to Tuesday's close of 25,826.20.
At the beginning of 2025, nobody expected to see the Nifty 50 at 25,000 because of expected economic slowdown, tariff-related uncertainty, and foreign fund outflows. Ample liquidity is supporting the resilience, he said.
"I do believe that the market is heading higher. Our target is 25,600, and it will eventually hit a record high. I would not be surprised if Nifty 50 hits a record high this (calendar) year itself."Gautam Shah, Founder, Goldilocks Global Research
As of May 27, liquidity in the banking system is in surplus of Rs 1.9 lakh crore, as per Reserve Bank of India data. It's in sharp contrast to Rs 3.3 lakh crore deficit recorded in Jan 23.
The central bank has been using various tools like Open Market Operations, currency buy-sell swap since late December 2024 to improve liquidity in the system. Another measure has been reduction in repo rate by 50 basis points to 6%.
Foreign institutional investors have taken out Rs 87,687 crore from Indian financial markets in 2025 so far, according to data on National Securities Depository Ltd.
Goldilocks Global Research Founder Gautam Shah was talking to NDTV Profit Executive Editor Niraj Shah at Talking Point Wednesday.
However, in percentage terms, the Nifty is not going to do anything special even if it hits a record high. It'll be a 5–7% rise. At best, the Nifty 50 will deliver a 10% gain. Real returns will come from mid-cap and small-cap stocks, according to Shah.
The momentum will come from financial services. This sector is the way forward. Goldilocks Global Research is seeing 60,000 for the Nifty Bank index. Alpha will get generated in top non-banking financial companies and banks, he said.
Metals and real-estate will do well too in next six months. For the Nifty Metal, Goldilocks Global Research is expecting 15% rise from current levels, and Nifty Realty will rise 15–20%, Shah said.
Consumption remains an underperforming sector. It will take a couple of quarters to see any momentum in the space, he added.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
