Positive impactEconomy
Gautam Shah sees 23,500-24,000 on Nifty; flags IT, PSUs and FMCG opportunities
CNBC-TV18 1 hr ago·5 Oct 2026, 6:31 am
Goldilocks Global Research founder Gautam Shah has set a target range of 23,500 to 24,000 for the Nifty 50, predicting a near-term recovery in the benchmark index. He believes the market is poised to move higher from its current levels, driven by a combination of improving global sentiment and domestic factors. This outlook suggests that the broader market is likely to see renewed momentum in the coming weeks.
Shah specifically highlighted several sectors that he believes offer the best growth potential. He identified Public Sector Undertakings (PSUs), Information Technology (IT), and Fast-Moving Consumer Goods (FMCG) as key areas to watch. Additionally, he pointed to opportunities in the energy and select metal sectors, indicating a broad-based approach to sectoral rotation within the market.
Investors should monitor global cues, particularly from the US markets, as they often influence Indian indices. Furthermore, keeping an eye on domestic macroeconomic data, such as industrial production and inflation figures, will be crucial. These indicators will help gauge the strength of the recovery and the sustainability of the rally across the suggested sectors.
Excerpt from CNBC-TV18
Gautam Shah, Founder of Goldilocks Global Research, expects a near-term Nifty recovery and sees opportunities in PSUs, IT, FMCG, energy and select metal stocks. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management.…Read the original at CNBC-TV18
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
