Expert view: ‘Nifty 50 may rise 5-6% from here by year-end; Infosys, Sonata Software two preferred IT stocks’

Expert view: Achin Goel, Vice President at Bonanza Group, points out that the Nifty 50 is trading at about 19 times its one-year forward EPS (earnings per share), which is at par with its 15-year average. He expects a nearly 5-6 per cent growth in the Nifty 50 by year-end. In an exclusive interview with Mint, Goel discussed the impact of the US Fed rate cut on the Indian stock market and the areas of opportunities for investors.