Nifty could cross 20,200 level by December, play bet on these 15 shares: Axis Securities

Nifty-50 forecast: Axis Securities says there is now a good chance for investors to add quality shares to their portfolio.  The brokerage firm claims that the market is positive in the long run.

The Indian stock market is currently experiencing extreme volatility. Investors are assessing the Russia-Ukraine conflict and its negative impact on the global economy. The equity market has hit a red mark following geopolitical tensions. The benchmark Nifty 50 has declined 4.72 per cent so far this year. In the short term, the US Fed's decision on geopolitical tensions, inflation and interest rates, as well as the Uttar Pradesh elections, could lead to instability. Which may have an effect on market performance.

Meanwhile, analysts at brokerage firm Axis Securities believe that the long-term equity market outlook is positive.  The brokerage has set a target of 20,000 for the Nifty-50 by the end of this year.

The price of crude oil is a cause for concern

 According to Axis Securities analysts, the biggest problem right now is the price of crude oil.  If the geopolitical tensions continue for a long time, the price of crude oil is likely to go up further.  Which can exacerbate the problem of inflation.  Just last week, the price of crude crossed 100 100 a barrel.  Russia, meanwhile, will find it difficult to export crude oil to global markets if the United States and Western nations take tough action against the United States.  This could push up the price of crude oil.