Dalal Street is set for a robust opening on November 25, following the BJP-led Mahayuti alliance's significant victory in the Maharashtra Assembly elections. Experts predict the Nifty could approach the 24,000-mark, with potential gains of 1 to 1.5 percent, reflecting heightened investor confidence and continuity in economic policies. The unexpected scale of the victory has further fueled optimism in the markets.
The Nifty 50 and Sensex have both slipped into negative territory, declining 1.8% and 1.4% this week, marking their fourth consecutive weekly loss. IndusInd Bank's shares plummeted 15% following a 40% drop in Q2FY25 net profit, while ITC's shares rose over 4% due to strong performance in cigarette volumes and hotels. Market sentiment remains cautious, with expectations of further declines amid ongoing foreign outflows.
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