See Nifty50 target of 21,000 by December 2024 in base case scenario: Vinod Nair

YTD, the market has performed better than expected because the key risk point of a likely fall in earnings growth reversed due to a strong upside in economic activities in Q4FY23, which is expected to continue in Q1FY24. The mid-calendar year review is that the market has become more optimistic.

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