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Stay: Will Nifty march forward regardless of surge in volatility? Outlook on FMCG for 2024 | Zydus in focus

Indian fairness market is anticipated to stay rangebound with a optimistic bias with the Nifty 50 dealing with hurdle at 21,500-21,600 on the upper facet, and taking assist at 21,200-21,000 ranges in coming classes, whereas the quantity is anticipated to be low given the vacation interval, consultants stated. The benchmark indices continued upward momentum for 3 days in a row. On December 26, the BSE Sensex climbed 230 factors to 71,337, whereas the Nifty 50 was up 92 factors at 21,441 and fashioned bullish candlestick sample on the day by day charts with increased highs, increased low formation for one more session. The India VIX, generally known as the concern indicator, rose over 7% to 14.68, giving some discomfort to the bulls. This morning international cues are upbeat with Wall Avenue inching in the direction of file excessive and Asian markets in nice fettle. The GIFT Nifty is signaling a begin above the 21,500 mark. Additionally amongst shares in focus immediately, we put the highlight on Zydus Well being, AB Capital, Hero Moto & Adani Inexperienced amongst others. Catch Nandita Khemka in dialog with Vaishali Parekh, Vice President – Technical Analysis, Prabhudas Lilladher and Preeyam Tolia, Senior Analysis Analyst, FMCG, Axis Securities.