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Daily Voice | This investment advisor feels Nifty at 20,000 by next Diwali is achievable if economic environment turns favourable

Corporate earnings are coming in strong from the consumption and banking sectors. Due to the commodity price correction, the metals and Oil & Gas sectors will be the laggards.

October 24, 2022 / 08:43 AM IST
Sonam Srivastava is the Founder of Wright Research

Sonam Srivastava is the Founder of Wright Research

"If the economic situations turn favourable, which is a possibility, the target of 20,000 on the Nifty50 is not unachievable. But, of course, the unpredictable geo-political situation remains a concern and can play further spoilsport," said Sonam Srivastava of Wright Research in an interview to Moneycontrol.

The founder of Wright Research and the investment advisor with more than 9 years of experience in quantitative research and portfolio management believes this is the time to turn bullish on the banking and financial services space and start picking winners. Edited excerpts:

What investment themes would you like to suggest to investors this Diwali?

With the festive season in view, betting on consumption-led sectors, autos, consumer discretionary, and FMCG would make sense. A few stocks from the jewellery segment and a few FMCG names, have already turned outperformers.