After rebounding from about 24,587 on September 30 to a 13-session rise of ~1,200 points, the Nifty 50 is now being seen eyeing the 29,000-30,000 zone for Samvat 2082. According to SBI Securities, the banking sector will lead the charge ahead of the new financial year, supported by improved asset-quality outlook and steady credit growth. Their team recommends large-cap banks for the near term given the favourable setup and upcoming short week trading dynamics.
After rebounding from about 24,587 on September 30 to a 13-session rise of ~1,200 points, the Nifty 50 is now being seen eyeing the 29,000-30,000 zone for Samvat 2082. According to SBI Securities, the banking sector will lead the charge ahead of the new financial year, supported by improved asset-quality outlook and steady credit growth. Their team recommends large-cap banks for the near term given the favourable setup and upcoming short week trading dynamics.
SBI Securities sees Nifty target 29,000-30,000 in Samvat 2082; banks expected to lead the rally.
After rebounding from about 24,587 on September 30 to a 13-session rise of ~1,200 points, the Nifty 50 is now being seen eyeing the 29,000-30,000 zone for Samvat 2082. According to SBI Securities, the banking sector will lead the charge ahead of the new financial year, supported by improved asset-quality outlook and steady credit growth. Their team recommends large-cap banks for the near term given the favourable setup and upcoming short week trading dynamics.
After rebounding from about 24,587 on September 30 to a 13-session rise of ~1,200 points, the Nifty 50 is now being seen eyeing the 29,000-30,000 zone for Samvat 2082. According to SBI Securities, the banking sector will lead the charge ahead of the new financial year, supported by improved asset-quality outlook and steady credit growth. Their team recommends large-cap banks for the near term given the favourable setup and upcoming short week trading dynamics.