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Below views on Nifty's journey to reach 20,000 By Sonam Srivastava, smallcase manager & Founder of Wright Research

“The Nifty's potential rise to 20K marks an encouraging phase in market dynamics, fueled by robust corporate earnings, encouraging global cues, and substantial foreign institutional investors' inflows. This climb is largely triggered by the resurgence in IT and banking sectors and significant contributions from major players like Reliance Industries. The next achievable milestone could be around 20,500, provided the bullish momentum persists. The durability of this rally is contingent upon global and domestic economic recovery, corporate performance consistency, and monetary policy steadiness. Historically, Nifty's landmarks - 1K, 5K, 10K, and 15K, were achieved due to economic liberalization, global liquidity, structural reforms, and digitization due to the pandemic. The current scenario mirrors these favorable conditions with buoyant markets, positive macroeconomic and global outlooks, coupled with potential for volatility and short-term price corrections.”

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