Nifty 50 target: Will it hit 25,000 this year? Market experts weigh in on what could drive the recovery
New Delhi, Sept. 26 -- Nifty 50 index has shed around 5% in the last 1 month on the back of soaring US bond yields and the US dollar (USD), rising crude oil prices, rupee depreciation, and escalating US-Iran tensions. Moreover, FII outflows also added to the weak sentiment.
The benchmark index has touched a record high of 26,373 in January, meaning a move to 25,000 would represent a recovery rather than a fresh record. However, the index has shed over 12% or over 3200 points from this peak to currently trade around 23,100 levels.
However, the index has since faced pressure from rising US bond yields, elevated crude oil prices and continued selling by foreign institutional investors (FIIs).
"Against a geopolitically charged backdrop, in...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.