The Indian stock markets have delivered remarkable gains in FY22. Both the S&P BSE Sensex and the Nifty 50 benchmarks soared 33 per cent each recording new historic peaks of 62,225.40 and 18,604.45, respectively.
The indices continued to scale higher levels and carry over the bullish sentiment it secured in FY21. Although, the last quarter of FY22 did see some correction amid the Russia-Ukraine war and spike in crude oil prices, the underneath sentiment continues to favour the bulls.
Here's an outlook for the Indian markets going into FY23:
S&P BSE SENSEX
Likely target: 67,000
Upside potential:
The indices continued to scale higher levels and carry over the bullish sentiment it secured in FY21. Although, the last quarter of FY22 did see some correction amid the Russia-Ukraine war and spike in crude oil prices, the underneath sentiment continues to favour the bulls.
Here's an outlook for the Indian markets going into FY23:
S&P BSE SENSEX
Likely target: 67,000
Upside potential: