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Nifty and Sensex target record highs on festive optimism and FII support
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Indian equities could hit fresh records during Diwali week, with Nifty targeting 26,200 as strong FII inflows, bank earnings, and festive demand sustain optimism, according to Bajaj Broking.
The Nifty 50 and Sensex are set to scale new records during Diwali week as robust foreign inflows and banking strength lift sentiment. Analysts at Bajaj Broking project a test of 26,200 on Nifty, citing strong quarterly earnings and sustained consumer demand. Support zones lie near 25,350–25,450 as dip buyers remain active. Festive-driven consumption, resilient macros, and easing oil prices are expected to sustain short-term bullish momentum. Traders will monitor financial results from HDFC Bank and ICICI Bank to confirm the rally’s breadth before the holiday session.