Why 22,500 Could Be The Bottom For Nifty | HDFC Securities

Has Indian equities already formed a durable bottom? In this insightful conversation, Devarsh Vakil, Head of Prime Research at HDFC Securities, explains why valuations are turning favourable for India despite ongoing global uncertainty and Middle East tensions. Vakil highlights expectations of 12-13% earnings growth in FY27 and 15-20% growth in FY28, arguing that India's long-term fundamentals remain intact. He believes the Nifty's recent low near 22,500 could prove to be a strong support zone, with the potential for the index to move towards 24,500-25,500 levels over the next 18-24 months. Watch this exclusive discussion to understand earnings, valuations, FII flows, and the key factors shaping India's market outlook.