Reduced inflation figures in both India and the US propelled markets to achieve fresh highs on Thursday. Additionally, India Vix reached a six-week low, dipping below the 14 level, signaling, according to analysts, a steady political landscape within the NDA coalition.
Siddhartha Khemka, Head of Retail Research at Motilal Oswal, commented, "The market has been in a consolidation phase with a positive inclination over the past few days and is gradually moving upwards. The upward trend is anticipated to persist, supported by strong domestic economic indicators, favorable monsoon forecasts, and optimistic earnings projections."
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