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Can Nifty hit 26,000? Nuvama's Nikhil Ranka explains what could drive the next rally
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Nuvama's Nikhil Ranka suggests the Nifty could reach 25,800-26,000 if geopolitical tensions ease and crude oil prices drop to $75. A decline in crude would lower input costs, supporting corporate margins after Q2 earnings growth of 20%. The analyst notes a consolidation phase between 25,200 and 25,500 is needed before the next rally.
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- NIFTY 50Positive 0
Rolling sentiment Positive +40
- Nuvama Wealth ManagementNUVAMANeutral 0
Rolling sentiment Positive +58
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