Nifty could post 5% gains in 2023: BofA Securities
The foreign brokerage expects the bluechip index to end at 19,500 points next year, while continuing to be volatile and trade between 17,000 and 20,000 levels for the year
Global brokerage firm Bank of America (BofA) Securities expects benchmark Nifty 50 index to rise roughly 5% in 2023 due to looming global recession concerns. This would be its slowest growth in five years, BofA Securities estimated, but also said Indian stocks were a good bet if a global recession struck.
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