Branch² Intelligence
Nifty ready for 24,500-24,750 levels after breakout rally: Analysts
Key takeaway
Nifty breakout rally targets 24,500-24,750, with potential to hit 25,000 after clearing resistance at 24,350-24,600.
- Step 1Nifty breakout rally driven by strong Q1 earnings and institutional inflows.
- Step 2Improved market sentiment lowers equity risk premium, reducing cost of capital for listed SMEs.
- Step 3Higher valuations enable SMEs to raise growth capital via QIPs or IPOs at favourable terms.
- Step 4Increased capital deployment by SMEs boosts economic activity and employment, but may also fuel demand-pull inflation if capacity constraints emerge.
Source: Economic Times Markets
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