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The Nifty has moved back above 25,000 after seven consecutive gains, supported by strong second-quarter earnings and firm macroeconomic data. Analysts have identified ITC, ICICI Bank, SBI, Force Motors and M&M as their preferred picks for the upcoming Muhurat trading session, citing technical breakout patterns.
11:09 PMEconomic Times
Indian equities rallied after the US midterm election results, lifting the Nifty sharply and back above key moving averages. The index now approaches a resistance band at 25,000 to 25,200, while sector performance remains uneven relative to the broader Nifty 500.
6:07 AMEconomic TimesSummary
The Nifty has moved back above 25,000 after seven consecutive gains, supported by strong second-quarter earnings and firm macroeconomic data. Analysts have identified ITC, ICICI Bank, SBI, Force Motors and M&M as their preferred picks for the upcoming Muhurat trading session, citing technical breakout patterns.
The immediate shift is a move from broad market recovery to selective stock positioning as
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The picks show where analysts expect momentum to persist, while also signaling that investors may need to distinguish durable earnings strength from a short-term rally.
Summary
Indian equities rallied after the US midterm election results, lifting the Nifty sharply and back above key moving averages. The index now approaches a resistance band at 25,000 to 25,200, while sector performance remains uneven relative to the broader Nifty 500.
The Nifty's move back above key averages shifts the near-term market bias from defensive to
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The Nifty's ability to break through 25,000 to 25,200 will signal whether the recovery can broaden or stalls at resistance.
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