From here on, if Nifty has to sustain at higher levels, contribution from the heavyweight banking space is a must. Since it is struggling around the bearish gap, it is better to wait for further clarification to project higher levels in Nifty, says Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One.
Wine sold in Maharashtra has a 20 percent value-added tax (VAT) levied. Under the Wine Industrial Promotion Scheme, 80 percent of this VAT is returned to the manufacturer
Analysts expect the sentiment in the market to continue to remain positive on the back of rate cut predictions by Fed Vice Chair Jefferson, Nvidia s stock surge, and India s projected FY25 GDP growth of 6.5 percent.