This is what is driving Nifty 50, Bank Nifty to life time highs, but breather on way
Both Nifty 50 and Bank Nifty Index touched life time highs in August on the back of cooling crude oil prices and good corporate earnings. The pharma index and stocks outperformed the benchmark Nifty 50 with good margins. Beaten down quality mid- and small-cap stocks have also bounced back from their recent lows.
This trend is likely to continue. Meanwhile, FII and FPI have a mixed trend and the flow is net positive for the Indian markets. Image source: Reuters