Photo: economictimes.indiatimes.com
Nifty 50 Hits New Highs Amid Festive Optimism; Analysts Target 30,800
The NIFTY 50 and BSE SENSEX reached near-record highs, driven by festive optimism and positive investor sentiment, with analysts targeting 30,800 for the NIFTY 50.
- On Thursday, the NIFTY 50 extended its winning streak, reflecting investor optimism during the festive season in India, supported by favorable government policies.
- Both the NIFTY 50 and BSE SENSEX benefited from strong foreign institutional investor (FII) inflows, enhancing market sentiment amid expectations of robust corporate earnings.
- Technical analysts identified a bullish Cup and Handle pattern in the NIFTY 50, projecting a target of 30,800, although they caution against potential near-term volatility.
Por Qué Es Relevante
This surge in the NIFTY 50 and BSE SENSEX signifies growing confidence in Indias economic recovery, highlighting the impact of festive spending and potential trade agreements on market dynamics.