Motilal Oswal Financial Services Limited (MOFSL) projects a positive outlook for Nifty in the July series, buoyed by a higher-than-average rollover rate of 76.3%, suggesting strong investor confidence and market stability. Key contributing factors include resilience in crucial sectors, favorable fiscal policies, and expectations of strong corporate earnings.
The BSE Sensex surpasses the 78,000 mark and NSE Nifty hits a record high, driven by the strong performance of private bank stocks like Axis Bank, ICICI Bank, and HDFC Bank. The surge reflects investor confidence, increased loan growth, and favorable economic conditions.
The stock market is poised for a strong start today with both Nifty and Sensex indices expected to open higher, supported by a 100+ point rise in GIFT Nifty futures. Positive economic data, strong corporate earnings, and favorable global cues contribute to the optimistic outlook. Key sectors in focus include IT, pharmaceuticals, and banking, with experts anticipating significant activity from stocks like Reliance Industries and Infosys.
