Nifty is poised for an upward movement towards the 25,300-25,500 range, fueled by the RBI’s rate cut. Experts suggest a ‘buy on dips’ strategy, anticipating gains in rate-sensitive sectors like private banks, real estate, and automobiles. Technical analysis indicates a potential breakout, with key support levels identified at 24,800 and 24,500.
Earnings growth to stay robust at 14–16%; IT correction a buying opportunity: Vikas Khemani
India’s IT sector is poised for a comeback, with AI expected to boost, not hinder, growth. Vikas Khemani of Carnelian Asset Management sees excessive pessimism,