As market earnings normalise, Pankaj Pandey of ICICIdirect.com sees Nifty heading to 27,000, driven by a bullish stance on BFSI, capital goods, and infrastructure. With central capex up nearly 60% and FII sentiment improving, he believes PSU banks, steel, cement, and real estate are well-positioned to benefit. However, he advises caution in digital and consumption plays where valuations remain stretched.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets