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Sensex at 86,000; Nifty at 21,800: How foreign brokerages see mkts in 2024

The upcoming general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes

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Photo: Bloomberg

4 min read Last Updated : Nov 20 2023 | 11:32 PM IST

Leading foreign brokerages, such as Goldman Sachs, Morgan Stanley and Barclays, are upbeat on the Indian equity markets for 2024, even as they remain watchful of global geopolitical developments, crude oil prices, and central bank policies, which may sway investor sentiment.

The upcoming general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes. While Morgan Stanley presents its bull-case (30 per cent probability) scenario with the BSE Sensex at 86,000 in by the end of 2024, Goldman Sachs predicts the Nifty50 index to reach 21,800 by the end of next year,

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