Nitin Raheja bullish on Nifty amid GST cuts and festive demand
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As the Nifty once again inches toward life highs, investors are asking a familiar question: what comes next? With the earnings season essentially wrapped up, the market’s next direction hinges on how the second half of the fiscal year shapes up — and early signals are turning out to be more encouraging than many expected. Speaking to ET Now, Nitin Raheja, Julius Baer Wealth Advisors noted how sentiment has evolved since the quarter began. Analysts had largely braced for a lukewarm earnings cycle, but the market itself seemed to sense otherwise. “We started this earning seasons in a very muted manner. Most analysts expectations were that this would not be a great earning season, but the markets with the collective wisdom actually started this earning seasons towards the higher end of their trading band and more closer to all-time highs if you remember,” he said. The subsequent results have justified that confidence. “It has sort of bee...