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Nifty hit a fresh intraday record, with analysts expecting the bullish trend to continue towards 26,500. Traders are advised to hold existing positions and focus on outperforming sectors like banking and financials. Strategies like buying at-the-money call options or bull-call spreads are suggested for potential gains.
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After a 14-month period of underperformance compared to global peers, India's Nifty index has reached a new all-time high. During this time, silver and gold emerged as top-performing assets, while specific Indian sectoral indices like Capital Markets, PSU Bank, and Defence also saw significant gains.
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News and Media
Indian stock markets reached new heights on Thursday, with the Sensex and Nifty crossing previous records. This surge follows a 14-month period of consolidation. Investors are now looking towards a potential US-India trade deal and a decrease in foreign investor selling to fuel further market gains. Analysts suggest focusing on large-cap stocks for potential upside.
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