Nifty to hover around 19,100 by December 2022, says Bank of America

India is expected to incur a capital expenditure of $395 billion towards de-carbonisation from 2020-2030

The benchmark Nifty will hover around 19,100 points by the end of the current calendar year, Bank of America (BofA) Securities said in its India Year Ahead 2022 report.
 
However, there could be corrections throughout the year as there are headwinds like peaking liquidity, high inflation, rising interest rates, strong dollar, and results of state elections, the firm said.
 
Amish Shah, head of India research, BofA Securities, said India is set to see the rising share of the private sector as large government monopolies are being opened up to attract private and foreign capital.
 
Shah said real