Nifty Hit Six New Record Highs This Year Indicating India's Bull Market | Markets News
High quality fundamentally strong largecaps like RIL, ICICI Bank and Bharti taking up the leadership in the rally is positive for the bulls.
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High quality fundamentally strong largecaps like RIL, ICICI Bank and Bharti taking up the leadership in the rally is positive for the bulls.
Spot Nifty should cross the 20,940 mark to instigate bulls to ride the upward trend. This hurdle remains a crucial level for today, its expiry day.
In the past three months, the index has surged by 15 percent, fueled by inflows of over Rs 1.3 lakh crore. Meanwhile, the mid- and small-cap indices have experienced an even more substantial rally, each rising by about 25 percent.
Nifty50 tested its 52-week high at 18,887.60 on December 1, 2022, before it went into the corrective phase but the index has gained about 3 per cent in the last one month.