From 29,300 to 24,900: Nomura slashes Nifty target, says another 5% correction possible! Here’s why

Nomura has cut its Nifty target by 15% to 24,900, warning of a further 5% downside amid geopolitical tensions, rising oil prices and weakening flows. The brokerage sees risks to earnings and valuations, though it believes deeper corrections could create long-term buying opportunities for investors.