scorecardresearchThis brokerage revises Nifty target upward at 18,500-19,500 by December

This brokerage revises Nifty target upward at 18,500-19,500 by December

Updated: 29 Aug 2022, 06:23 PM IST
TL;DR.
The brokerage cited the recent buying spree by foreign portfolio investors, pumping in more than 44,000 crore in this month, along with continuing domestic flows, strong fiscal fundamentals and buoyant tax collections as key positives for the upper range, while the negatives include faster-than-expected revival in China, weakening in global macro/geopolitics in the reminder of the year.
Bank Nifty remained firm above 37,000

Bank Nifty remained firm above 37,000