Markets soar as Nifty breaks past 23850! Major private bank earnings, strong FII inflows, and RBI rate cut optimism drive bullish momentum.
Full Description:
In today’s episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda delivers a crisp overview of market movers and what to expect this week.
We discuss how ICICI Bank and HDFC Bank's Q4 results are fueling optimism, along with easing inflation now at a 6-year low of 3.34%. With FIIs net buying ₹4668 crores, a favorable monsoon forecast, and the USD index falling below 99, the market is well-positioned for growth.
📌 Highlights:
Nifty hits 23850, forming strong bullish candles
India VIX drops 2.51%, indicating lower volatility
FIIs Long-Short Ratio climbs to 29.52%
Key support/resistance levels for Nifty & Bank Nifty
Top gainers: ICICI Bank, Reliance, Sun Pharma, ABB India
Stocks under pressure: Wipro, Paytm, Divis Lab
🎯 Technical insights and sector outlook to help you plan your next move in the markets.
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