 "markets, IPO market")
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, up nearly 11 per cent from the current level of 19,694.
Goldman Sachs, according to a recent note, believes 2024
