Nifty hit an all-time high of 21,000 on 8thDecember, 2023, driven by RBI's decision to hold the repo rate at 6.5%. This move, coupled with positive global cues, sparked a bullish rally in the Indian stock market.
RBI's decision to hold the repo rate steady at 6.5% was expected, reinforcing their commitment to fueling India's economic growth. This positive news bolstered investor confidence and contributed to the stock market's upward trajectory
FII’s have bought in both Cash & Derivative markets. In December 2023 till date they have done Net purchase of Rs 17214 crores.
With RBI's accommodative stance, positive global cues, and strong corporate earnings, the outlook for Indian equities remains bullish in the near term. Shyam Advisory closely monitors these dynamics to guide clients through the evolving market landscape.