New Delhi, March 24 -- Market veteran and the founder of Kedianomics, Sushil Kedia, is bullish on the Indian stock market and the IT sector. On the other hand, he is bearish on gold and crude oil. In an exclusive podcast with Mint, Kedia claimed that the Nifty 50 could reach 32,000 by Q3 2027. "In the near term, markets appear to be bottoming out. The Nifty could move towards 27,000 in the short term. Over the longer term, the index could reach 32,000 by Q3 2027," he said. Kedia is bullish on the IT sector and believes the sector can strongly outperform over the next one year.

Here are edited excerpts of the interview:

Historically, extreme fear is rare and often signals that markets may be near a bottom. When pessimism peaks, investors...