Can Nifty hit 23k in a year?

India’s strong macro fundamentals, along with some positive global cues, are prompting brokerages to come out with healthy expectations for leading Indian indices. Cool-off in the US 10-year bond yields, moderation in crude oil prices, robust earnings performance by Indian companies during the last quarter, and expectations of better performance by the BJP-led ruling coalition in state elections are some of the factors that could take Nifty to 23,000 points by December 2024, a report by Axis Securities said on Monday.