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Is the Nifty touching the 20,000 mark soon?

Bulls are still in charge in a frothy market

September 21, 2021 / 11:53 AM IST
Is the Nifty touching the 20,000 mark soon?

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The breakneck pace of the COVID-driven recession and the V-shaped recovery have made for a truly unique economic and market cycle. The Nifty 50 index has more than doubled from its pandemic lows in the wildest bull market in history. The majority of investors continue to remain in a denial mode as certain pockets of the economy are still in the doldrums and are busy searching for the elusive peak. There is no denying that valuations globally are elevated...

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