Market Experts Expect Nifty to Cross 6000 by Diwali

NSE-NiftyAs per recent interviews of several market experts on business news channel CNBC-TV18, majority of market experts are expecting NSE Nifty to cross 6000 level by Diwali.

JP Morgan has announced today that due to economic issues in Eurozone and fiscal cliff in United States, the emerging markets could see fund inflows. The returns from the emerging markets are expected to be better and this would result in more investments in Indian market as well.

KRChoksey's Deven Choksey expressed that Indian market should see upside move from current levels.

Dipen Shah of Kotak Securities expects the Nifty range to be 5650 - 5875. Technical experts at Sushil Finance expect Nifty to touch 6000 level shortly.

NSE Nifty closed 21 points lower at 5738 today. Investors have gained decently in some select counters. The results have been fairly good and as per market expectations for most of the major companies. With ratings upgrade, investors can expect good returns in days to come, if the global markets remain positive.