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It is better for investors to think twice or thrice before they go for some investments in the stock market for the next three months. The experts are of the opinion that there may not be any profits during this time.
Indian equities are likely to remain rangebound over the next three months, following their recent slide into correction territory after the worst earnings season in four years and nursing still-high valuations, Goldman Sachs said.
The Wall Street brokerage, which remains tactically “marketweight” on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in the next three months, implying a gain of a little under 3% from current levels.
Still, that is a reversal from last month when it had predicted the Nifty would fall about 1% to around 24,500 in three months.
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