Expect 12% Nifty return on a 12-month basis; IT may outperform in CY25: Gautam Duggad

Gautam Duggad, Head of Research at Motilal Oswal, shared his insights on market performance and sectoral outlook. He expressed satisfaction with the Nifty's 12% return given global turbulence. Motilal Oswal remains overweight on IT, particularly midcaps, due to their strong growth potential, while downgrading autos and remaining underweight on metals. Duggad expects IT to continue outperforming in 2025.