Limited upside in markets; Nifty to be at 15,000 by Dec: BofA Securities

After the strong rally since April, there is a limited upside in the Indian equities and the markets will end 2021 with a low single digit gain, an American brokerage said on Wednesday.
 

BofA Securities said it is "not as bullish" and gave a target of 15,000 points for the 50-share benchmark Nifty by the end of the newly started year.
 

Markets have rallied by 80 per cent since April after a heavy 40 per cent correction following the announcement of the Covid-19-related restrictions. Many analysts, including RBI Governor Shaktikanta Das, have raised concerns over the over-heating in the markets.