Outlook for Indian Stock Market in 2020
The stock market is going to be on the earnings recovery and budget of the companies in 2020. It will also have a positive effect on the market in which the government has taken steps for economic reforms in the second half of 2019. The momentum will also continue in the market due to the increase in flow by foreign investors. Apart from bluechip stocks, midcap and smallcap will also start momentum in the coming days. Experts believe that the way the market has remained bullish for the last 4 months and it will continue in 2020. The Sensex can touch 46000 and the Nifty 13500 at the end of 2020.
Also Read – Is It Time to Review Stock News? CNH Industrial N.V. (NYSE: CNHI)
The market will continue the momentum
According to global brokerage house UBS, there is a slowdown in the economy in 2020. According to experts, recovery is expected to be seen from the December quarter. The annual growth is expected to be 6.5 percent and 6.7 percent in the year 2020-21. CAD is also expected to be under control during this period. It may remain at 1.4 percent and 1.6 percent of GDP during this period.
The stock market is expected to continue in 2020 according to Senior Analyst of Trading Bells Santosh Meena. Currently, Select stocks are giving a strong performance so, the market remains at upper levels. But with the subsequent recovery, other stocks with better fundamentals will also gain momentum. Earnings are expected to improve from the second half of 2020. At this time, the NPA resolution process and low base will also benefit.
At this time, the Sensex will get strong support at the bottom of 39500 and the Nifty at 11700 levels. But according to Santosh Meena, if the Sensex touches the level of 46000 and Nifty 13500 in the coming days then there will be no surprise in this. According to global brokerage house Morgan Stanley, at the end of the year, the Sensex can touch 45000 levels.
Which Sector Will Earn
There will be a good performance in the banking and financial sector in 2020 according to experts. These sectors will benefit from low-interest rates and the NPA resolution process. The trade tension is expected to decrease, which may lead to a recovery in the metal sector. Long-standing pressure in the pharma sector is expected to reduce. The IT sector may also see pressure in 2020. If there are signs of improvement in the economy, one can get good returns in infra investment and capital goods. The government is focusing on increasing the income of farmers, so Agri shares can also be monitored.
There will not be much returned in 2020
- Mumbai
According to Brokerage firms, in the year 2020, only moderate returns will be generated from the stock market. He says the rate of the shares has significantly very high so, the economic slowdown is expected to continue and the scope. for this reason, these aspects can have an impact on the market. Maybank Kim Ang has given a neutral stance on the stock market in 2020. According to him, It has given an estimate of 11600 points for the Nifty. The Nifty will be at 13,100 points in December 2020, according to ICICI. He said that on the return front in 2020, due to the rapid growth seen in the market has come down.
- BNP Paribas
According to the firm, the country’s GDP growth estimate may decline further. The scope for the government to provide fiscal relief by raising spending or by reducing taxes further is also limited. Private investment is also unlikely to rise soon and the asset quality pressure remains on the finances. The brokerage has maintained an overweight stance on India despite macro-economic challenges. He said that India remains attractive due to the variety of sectors to invest in and the ease in choosing shares. Private investment, insurance companies, and leading IT companies are among its investment picks.
17 Strong Shares to Invest in 2020
- V-Mart
Current Price: Rs 1652
Target: Rs 2150
Estimated Return: 30%
- KNR Construction
Current Price: Rs 255
Target: Rs 378
Estimated Return: 48%
- Bajaj Auto
Current Price: Rs 3204
Target: Rs 3530
Estimated Return: 10%
- SBI Life Insurance
Current Price: Rs 970
Target: Rs 1230
Estimated Return: 27%
- Alchem Lab
Current Price: Rs 2024
Target: Rs 2400
Estimated Return: 19%
- JK Cement
Current Price: Rs 1164
Target: Rs 1523
Estimated Return: 31%
- Jubilant Food
Current Price: Rs 1657
Target: Rs 2184
Estimated Return: 32%
- Container Corporation
Current Price: Rs 578
Target: Rs 640
Estimated Return: 11%
- Sonata Software
Current Price: Rs 308
Target: Rs 405
Estimated Return: 31%
- Axis Bank
Current Price: Rs 762
Target: Rs 958
Estimated Return: 26%
- City Union Bank
Current Price: Rs 234
Target: Rs 261
Estimated Return: 12%
- Torrent Pharma
Current Price: Rs 1847
Target: Rs 2100
Estimated Return: 14%
- L&T Infotech
Current Price: Rs 1750
Target: Rs 2100
Estimated Return: 20%
- State Bank of India
Current Price: Rs 334
Target: Rs 425
Estimated Return: 26%
- Bandhan Bank
Current Price: Rs 510
Target: Rs 700
Estimated Return: 36%
- RIL
Current Price: Rs 1516
Target: Rs 2000
Estimated Return: 32%
- PNC Infratech
Current Price: Rs 191
Target: Rs 240
Estimated Return: 24%
Disclaimer:
This information is taken from the news but if you going to invest in any field then you should take the right advice from right investor experts.
