ETMarkets Smart Talk | Allocate 10-15% to gold & silver; Nifty can head to 20,100 in 2023: Dr Mohit Batra

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Key Points

However, we continue to believe that the Indian equity market will provide returns in the teens in 2023, with a Nifty target of 20,100, says Dr Mohit Batra, Founder and CEO MarketsMojo...

In an interview with ETMarkets, Batra has over 25 years of financial services experience, said: As a strategy, we always advise investors to allocate 10 to 15% of their total net worth in gold and silver..

We anticipate that gold and silver will continue to remain at elevated levels, primarily due to global uncertainty, which could prompt people to invest in safer assets..

Thirdly, we have a positive outlook on the pharmaceutical sector due to stabilized generic prices in the US market and decent growth in the domestic formulation market...

We anticipate that global uncertainty will impact the Indian banking sector, as many bankers have indicated that NIMS could come under pressure and loan growth may be lower by 200-300 bps in FY2024...

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