BofA sees Nifty at 19,500 in 2023, shares top sectoral picks
“Based on how macro things play out, we expect Nifty to trade in a range from 17K-20K. In our base case we value Nifty at 21.5x near +1SD to its long-term average with a target of 19.5K,” BofA analyst Amish Shah said in a report.
