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In a stunning development on Friday, the Indian rupee hit an all-time low, marking its second straight week of downturns. Investors are on edge, closely monitoring the uncertain trajectory of U.S.-India trade negotiations.
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ICICI Direct expects Nifty to hit 30,000 by 2026, backed by a Cup & Handle breakout, strong long-term support zones, and historical post-correction rallies. The brokerage sees banks leading the next leg and identifies nine top stock picks, citing favourable technical setups and a supportive macro backdrop.
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Maharashtra Chief Minister Devendra Fadnavis on Friday said asset manager Brookfield is set to invest over USD 1 billion (around Rs 9,000 crore) to create a global capability centre (GCC) facility in the state.
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The Indian stock market is poised for a strong weekly close, with the Nifty nearing 26,000. Analysts anticipate a bullish trend continuing into December, driven by a potential breakout from a recent downward channel. The Nifty Metal Index is showing significant upside potential, with expectations of a 15-20% rise in the coming months.
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