Will Nifty hit fresh record high before elections? That depends on these 5 factors
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Nifty ended the extended 6-day trading week around 2% higher as moderation in India's CPI and lower-than-expected inflation figures from the US Fed boosted investor confidence. Global market cues remained largely supportive as major indices of the US market such as Nasdaq, S&P 500 and Dow touched lifetime highs. This week will be a curtailed one with Monday being a market holiday on account of voting in Mumbai for Lok Sabha elections. "The week is going to remain lackluster on the data front as no major economic data releases are scheduled in both the US as well as Indian market. Hence, the focus of Indian investors will largely remain on the ongoing earnings season as well as stock specific developments. We expect election led volatility to continue in the Indian market and hence, advise investors to exercise caution and accumulate good quality stocks during this volatile phase," SBI Securities said. Also read | How wil...