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Can Nifty hit 26,000? Nuvama's Nikhil Ranka explains what could drive the next rally

Reported by: CNBC TV18 ·

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Nuvama Wealth Management

Summary

CNBC TV18 published an analyst view from Nuvama's Nikhil Ranka on what could drive the Nifty towards 26,000. The outlet said he lists easing geopolitical tensions, lower crude oil prices and an earnings recovery as the factors. It also said he names FMCG, aviation and OMCs among the sectors he covers. The Nifty is the benchmark index of 50 large companies on the National Stock Exchange. FMCG means fast-moving consumer goods, everyday items such as soap and packaged food; OMCs are oil marketing companies, the firms that refine and sell fuel. This is the analyst's view, not Hypeless's. The headline gives no figures or dates for the 26,000 level.

AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18

Learn: What are the Sensex and the Nifty?

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CNBC TV18  · · Tone +1

Can Nifty hit 26,000? Nuvama's Nikhil Ranka explains what could drive the next rally

Nuvama's Nikhil Ranka explains the factors that could drive the Nifty towards 26,000, including easing geopolitical tensions, lower crude oil prices and an earnings recovery. He also identifies FMCG, aviation, OMCs and…

Some headlines quote an analyst. Those views are theirs, not ours.

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  • Nifty

    The Sensex and the Nifty 50 are scoreboards for a group of big Indian companies. Learn what they measure and how to read "Sensex up 300 points".

    Learn: What are the Sensex and the Nifty?

  • earnings

    Revenue, profit, margins and EPS: what the numbers in a quarterly result mean, why year-on-year and quarter-on-quarter differ, and what a headline can leave out.

    Learn: How to read a company's results

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