Indian stock markets recover, with Nifty index gaining after BJP's Maharashtra win.

Indian stock markets, particularly the Nifty index, have shown strong recovery signs after a recent decline, boosted by the BJP's victory in Maharashtra state elections. The Bank Nifty index has also seen significant gains, with all 12 stocks advancing. Analysts predict the Nifty 50 could reach 24,500 to 24,600, though caution is advised due to geopolitical tensions and rising U.S. bond yields. Sectors like IT, pharma, real estate, and metals are seen as potential upside areas.

November 25, 2024
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