Nomura lowers Nifty target amid high oil prices
after close1 source ↓written by the desknot a recommendation
- year-end target
- 24,900
- oil prices
- $90–$95
Nomura's Saion Mukherjee has revised the Nifty year-end target to 24,900, citing potential mid-to-high single-digit earnings cuts due to sustained crude oil prices around $90–$95. Ongoing geopolitical uncertainties may also delay a recovery in private capital expenditure, impacting corporate profitability. The brokerage remains selective, favoring sectors like IT services and pharmaceuticals.
Not investment advice. For informational purposes only.