Nifty is also around 18400 so it is a big rally now. If for a couple of days if markets go into a consolidation of 50-100 points on Nifty and a couple of hundred points on Bank Nifty, it is absolutely fair. And for me on Bank Nifty 43800 for the morning lows will act as a very important support.
Traders raise odds of 50 bps Fed rate hike as CPI rise exceeds expectations
New data has revealed that US consumer prices rose faster than anticipated, prompting speculation about interest rate changes. Fed Governor Christopher Waller suggested a half