The Nifty50 Index is trading near its all-time high levels and has rallied by 11% following positive market sentiments. FPI flows into Indian equities have turned positive due to the upgrade in GDP growth forecasts and stability in the currency. Commodity prices have weakened, leading to the possibility of stable or lower inflation, which could result in a rate cut later in the year. Macroeconomic data supports continued strength in Indian equities, with surveys indicating strong activity levels and improving consumer sentiment. The index is expected to reach 21,000 based on earnings growth and improving macro conditions.
Diwali dhamaka isn’t over! How a Rs 38 lakh crore bull run sent Sensex up 8,000 points and Nifty up 10% in 8 days
India’s Diwali rally has added nearly Rs 38 lakh crore to BSE-listed companies’ market value in just eight trading sessions, with the Sensex surging nearly
November 11, 2026