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Source: Live Mint Nifty technicals: The Nifty 50 index has been in a corrective phase since September 2024, marking a steep 12 per cent decline from its record high of 26,277. This downturn has been fueled by a combination of weak domestic earnings, rising foreign investor outflows, and global macroeconomic concerns. VK Vijayakumar, Chief Investment…
Source: Live Mint Nifty 50 target: The Indian equity markets remained resilient for a major part of the calendar year (CY) 2024, navigating through various challenges like sticky inflation, weaker-than-expected Q2FY25 earnings, general election outcomes, FII outflows, and geopolitical uncertainty. The Indian benchmark indices, the Nifty 50 and Sensex, have delivered positive returns of 9…
Source: Live Mint Market Outlook: After two back-to-back months of losses, the equity benchmark index Nifty 50 has risen over 2 per cent in December so far, reflecting renewed market momentum. Year-to-date (YTD), the index has posted an impressive gain of 13.5 per cent. From its recent low of 23,263.15, Nifty has already recovered 6…
