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Strength to continue in Nifty as we enter the December series. As per analyst, it now has to hold above 20,000 zones for an upward move towards 20,350 and then 20,500 zones, while supports are placed at 19,950 and 19,800 zones
“Since midcaps have rallied almost 40% this year and largecaps have rallied 10%, largecap valuations are near historical range. In 2024, as the foreign fund inflow returns into emerging markets including India, the probability that largecaps will outperform is much greater. Next year, largecaps will do well and mid and smallcaps should also continue to do well. ”
Flair Writing Industries stock opened at Rs 501 on the NSE and Rs 503 on the BSE against the IPO price of Rs 304
Nifty 50 hit a fresh record high on Friday led by broad based buying amid mixed global cues. The Nifty 50 gained over 125 points to touch a new high of 20,258.45 in the early trading session of December 1.
Indian benchmark indices started the December series on strong footings with Nifty hitting a new lifetime high of 20,291.55 led by gains in bank stocks.