Nandish Shah, AVP – PCG Research & Advisory (Fundamental), Wealth Management, Motilal Oswal Financial Services Ltd (MOFSL), believes benchmark Nifty's march toward the 30,000 mark by next Diwali will depend largely on earnings recovery and a favourable resolution of tariff issues with the Unites States. In an interaction with Business Today, Shah shared his outlook on key market drivers, sectoral trends, investment strategies, top stock picks and the risks investors should watch out for. Advertisement

Here are the edited excerpts from the interview:

1) What factors do you see as most crucial in determining whether Nifty can reach 30,000 by next Diwali?

Recovery in earnings growth and resolution of tariff issues with the United States will be the most critical factors in determining whe

See Full Page