Market outlook FY22: Targets for Sensex, Nifty and other key indices

The Sensex and Nifty indices are eyeing up to 12 per cent upside from current levels, charts show

Despite facing headwinds over the past one week, markets are set to register their best financial year performance in a decade. Thus far in FY21, the S&P BSE Sensex and Nifty50 have rallied 66 per cent and 69 per cent, respectively. Meanwhile, the gains in mid-and small-caps have been sharper with both the indices rallying 111 per cent and 89 per cent, respectively on the BSE.

The rally has been partly on account of strong foreign inflows on expectation of improvement in the economy after a stringent pandemic-triggered lockdown for a few months in FY21. Accommodative monetary policies of global