India’s Nifty 50: Wall Street’s Buy-the-Dip Pick

Bank of America Predicts Nifty Index to Reach 20,500 Points by December 2023

In a recent announcement, Bank of America has revealed its year-end price target for India’s Nifty index, forecasting that it will reach 20,500 points by December 2023. The Nifty 50 benchmark index is composed of the market capitalization-weighted average of 50 of the largest Indian companies. This prediction points towards a 4.5% upside from its current level of 19,625, as the index has already risen by 8.3% this year.