Stock Market Outlook: Strong Earnings, Global Risks; What’s Next For Nifty Above 24,000?

Indian markets remain volatile as global risks, including US rate concerns and geopolitical tensions, weigh on sentiment. Sunny Agrawal, DVP, Head of Fundamental Desk, SBI Securities, says domestic earnings remain robust despite these challenges. Nifty 50 companies, excluding Tata Motors and IndiGo, delivered around 12% profit growth, while Nifty 100 and Nifty 500 companies reported stronger growth. He expects earnings to remain healthy through the festive season and sees lower crude oil prices as a potential trigger for the next market leg-up. Agrawal believes investors should focus on companies and sectors delivering strong numbers rather than taking broad benchmark calls.