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Indian market poised for gains following global optimism. Nifty futures up marginally, VIX down. Analysts foresee support at 22500, targets at 22730 and 22810. Experts recommend buying BEL, CIE Automotive India, IRB Infrastructure, Hindustan Unilever, and M&M Financial.
Share Market Today: Sensex, Nifty hit record-highs boosted by short covering, overseas investment, and RBI dividend payout.
Foreign investors who have been largely sellers of Indian shares for the second straight month in May, led Thursday's rally. Market experts believe the rally could continue over the two weeks leading into the Lok Sabha election results on 4 June.
The way Bank Nifty is facing constant wick rejection at lower levels suggests we should see a sharp bounce from these levels. Use this dip as a buying opportunity says technical analyst.
Cyclicals are driving earnings growth, and Axis Securities continues to be positive on the capex cycle for the medium term, says fund manager Neeraj Gaurh.