As the festive season approaches, investors are keen to know the market outlook for the next year.

In a recent discussion with market veteran Anil Singhvi, Manish Sonthalia, Director and Chief Investment Officer at Emkay Investment Managers, shared his insights on where Nifty could be headed by next Diwali.

Can Nifty Hit 30,000 by Next Diwali?

According to Sonthalia, Nifty is unlikely to fall below 25,000 this Diwali. Looking ahead to next year, he expects the index to reach between 29,000 and 30,000.

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He notes that the market has already priced in several negative factors, yet it continues to hold strong above key support levels. This suggests that there is considerable upside potential over the next 12 months.

Based on his assessment, investors

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