Business · India Bureau
Nifty poised for upside move to 24,492, analysts bullish on financials
Market analysts are flagging renewed upside potential in the Nifty 50 index, with select large-cap stocks positioned as top bets for investors. Bank Nifty is also expected to maintain its bullish momentum amid positive market sentiment.
LSN India ·
Equity market analysts are expecting the Nifty 50 index to resume its uptrend, with an eye on the 24,492 level as a near-term target. The technical setup suggests scope for further gains from current levels, with banking stocks continuing to attract investor interest.
Bank Nifty is anticipated to sustain its bullish trajectory, supported by steady performance in the financial services sector. This strength in heavyweight banking stocks is seen as a key driver for broader market momentum.
Among individual counters, Vedanta and Nykaa have emerged as prominent picks among market participants, reflecting selective strength in commodities and consumer discretionary segments. The divergence in sectoral performance underscores the importance of stock-level selectivity in the current market environment.
Analysts remain constructive on the overall trend, suggesting that a combination of positive technical indicators and sector-specific fundamentals could support the Nifty's path toward the targeted resistance level. Investors are advised to maintain focus on quality names while monitoring macroeconomic developments that could influence near-term direction.