Nifty itself managed to gain almost around 4% for the week. Looking at the overall sectoral behaviour as well as the indices, we believe that this traction can extend further and possible rally towards 23,600, 23,800 we may witness in the coming week or in the next coming weeks for the Nifty.
Dollar wobbles as markets cling to hopes for Middle East peace deal
Investor optimism for a deal to reopen the Strait of Hormuz is boosting markets. Hopes of peace have lowered oil prices and eased pressure on