India's National Stock exchange's NIFTY Index is likely to remain between 5,050 and 6,100 in the next one year (12 months). Because oflack of triggers in the domestic macroeconomic environment & uncertainty in the global markets, Barclays report says.
Barring a global shock, we expect Nifty to remain in the range of 5,050 TO 6,100 with enough volatility to allow nimble investors to make returns, the report noted.
Nifty is currently hovering at 5,300 level .In the foreseeable future Indian stock market is likely to resemble a game of snakes and ladders for investors as growth, inflation & politics continue to flash red,while,valuations earnings momentum & some policy measures have now turned favourable.
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