Nifty eyes 25,500 after strong weekly rally
In short
The Nifty is expected to stay firm on November 9 and is eyeing 25,500 after its strongest weekly rally in five years. The move is being helped by strong FII inflows, a stronger currency and steady domestic fundamentals.
What the reporting says
The Nifty is expected to maintain a positive bias on November 9, with the index eyeing 25,500 after its strongest weekly rally in five years. CNBC TV18 Market cited strong FII inflows, currency appreciation and resilient domestic fundamentals as support. The report also flagged that some profit booking and intermittent consolidation cannot be ruled out after the sharp rise.
Why it matters
The Nifty is expected to keep a positive near-term tone on November 9 after its strongest weekly rally in five years, according to CNBC TV18 Market. The report pointed to FII inflows, currency appreciation and resilient domestic fundamentals as support. It also said traders should expect possible profit booking and intermittent consolidation after the sharp move, which could affect near-term market direction.