Foreign brokerages trim Nifty December 2022 target amid headwinds

Our 10 mean reversion scenarios put the Nifty50 December 2022 target at an average of 17,500, said Jefferies

Multiple headwinds in the form of Russia – Ukraine crisis that has seen crude oil prices jump to an eight- year high of $97 a barrel, prospects of faster-than-expected hike in rates by the global central banks, especially the US Federal Reserve (US Fed) and its impact on bond yields, impending state elections in India and the fears of a rise in inflation as oil prices surge has seen foreign brokerages recalibrate their return expectation from the markets in 2022.

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