The Indian stock market has been on a winning streak, with both the Sensex and Nifty 50 reaching new closing highs for the third consecutive day. This surge comes after the RBI decided to maintain the repo rates and policy stance, while also revising the GDP estimates for FY25 upwards.
The NSE benchmark had its best week since December, while the Sensex recorded its best week in almost two years. The rally was fueled by domestic buying overpowering foreign sales, as well as clarity emerging regarding PM-elect Modi and his allies coming to power.
Despite initial concerns after the NDA’s slim majority win in the general elections, the Sensex hit a new all-time high of 76,795.31 before closing at 76,693.36, up 2.16%, while the Nifty 50 closed at 23,290.15, up 2.05%.
For investors looking to capitalize on this bullish trend, analyst Vaishali Parekh recommends buying Tata Motors and GHCL. She sees a potential upside of 14.90% for Tata Motors and 17.40% for GHCL, with target prices of ₹1,100 and ₹580 respectively.
It’s important to note that these recommendations are based on individual analysis and investors should consult with certified experts before making any investment decisions. Market conditions can change rapidly, and individual circumstances may vary.
