'Nifty index to snap seven-year winning run'

The BofA Global Research analysts expect the Nifty 50 index to end the year at around 18,000 points, about 5.5% higher than current levels but roughly flat with end-2022. The brokerage cut its year-end target for the Nifty by 8.3% to 18,000, implying a 0.6% drop for the year after seven straight years of gains of 3%-29%. The Nifty has fallen about 6% so far this year.

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