Exclusive: In chat with Anil Singhvi, Rahul Arora says Nifty may cross 15,000-mark next year

Rahul Arora, CEO, Nirmal Bang Securities, in a candid chat with Zee Business Managing Editor Anil Singhvi said that Nifty could show 15,000-mark in 2021. “A budget favorable to market and good quarter 3 earnings can propel the index to 15,000 mark. It is not a very difficult call, given the liquidity in the market.”

About lower side risk, he said, “First, it does not matter even if there is correction as a lot of money has been made. Secondly, even if there is a correction, it won’t be huge and Nifty will struggle to breach 12,000-12,500 mark on the lower side as there is strong force of money in the market. And If there is a linear move from that level, it will be more easy to justify 15,000 journey.”  

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Talking about the global market since the lockdown, Arora said around $9 trillion has been injected into the stock market across the world, including India and the US. “India has been one of the biggest beneficiaries of the fresh infusion of liquidity in the global stock market,” he said.  

There is so much liquidity that it has become a one-way market now, FIIs continue to buy big and there is a good possibility that Nifty might touch 14,500 level by Budget 2021, he said.  

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Talking about possibilities of Nifty crossing 15,000 level in 2021, the market analyst said, “It’s not a very big call to take. If the budget turns out good, Q3 results are strong and there is a rate cut expectations, Nifty will cross 15,000 level with ease. At least, it will show this level for once in 2021,” he added.  

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