India VIX calculates how worried people are about the market. It went down by 12% to around 17%. This is good news as August 5, it had increased by 52%, it is the highest since 2015, due to a big selloff.
After almost falling 3% because of global concerns and recession fears, the Nifty and Sensex started increasing on August 6, which was a relief for investors.
At around 9:30 am, the Sensex stood up 1.3% to 79,768, and the Nifty stood up 1% to 24,281. About 2,550 shares went up, 441 shares went down, and 93 stayed the same on the BSE.
The gain of market also observed a big bounce back in Japanese indexes. The Nikkei 225 index increased by 10.33% to 34,707.78, and the Topix index increased by 10.26% to 2,455.64.
The mid and small-cap indexes performed better than the main indexes, going up by 1.5 and 2%. But experts warn that these stocks might be overpriced and that it might be easier to make money with bigger companies.
An analyst mentioned that India is doing well because of strong economic factors, good participation from local investors, and decent quarterly results. The combination of 7% GDP growth, 15% earnings growth for Nifty companies from 2024 to 2026, and a regular currency could keep investors happy.
Among different sectors, the Nifty Auto index increased the most, more than 2%, bouncing back from a 4% fall the previous day. Tata Motors, M&M, and Maruti Suzuki were the top performers. Nifty Meta and Realty were also increased by over 2%. All 13 sector indices showed gains.
A research analyst from Choice Broking said that after a strong opening, the Nifty could find support at 24,100, 24,000, and 23,950. If it increase, it might face resistance at 24,300, 24,400, and 24,500. For Bank Nifty, support might be at 50,000, 49,800, and 49,700, with resistance at 50,500, 50,600, and 50,800 if it increase.
The top gainers on the Nifty were Reliance Industries, Tata Motors, Adani Ports, HDFC Bank, and L&T. The only laggards were State Bank of India, Apollo Hospitals, and Cipla.
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People May Ask
What is the target price of IRFC in 2025?
The price of Indian Railway Finance Corporation (IRFC) shares in 2025 is expected to be around ₹124.42 by December 2025. Different experts have expected that the price could reach between ₹299.51 and ₹375 by the end of 2025.
Some even think it might increase as high as ₹464.31 if the market conditions are good.
Is IRFC a good buy?
Many experts believe IRFC is a good investment, mainly for people who want to keep their money in it for a long time. The company has been doing well financially, with good growth in its earnings and revenue.
However, it also has a lot of debt, which could be risky. Overall, because IRFC is very important for financing Indian Railways and has strong support from the government, it is considered a stable investment.
What is the IRFC 5-year forecast?
Over the next 5 years, the price of IRFC shares is estimated to keep growing. By 2028, the share price is predicted to be between ₹586.08 and ₹648.31. For 2030, experts think the price could go from ₹615.46 to ₹692.07.
These predictions show that people are happy about IRFC’s role in helping Indian Railways expand and improve.
Is IRFC bullish or bearish?
Experts think IRFC is bullish, which means they expect the share price to go up. This positive outlook is because of IRFC’s strong financial health and its important role in funding Indian Railways.
The company’s growth prospects, backed by supportive government policies, make it attractive to investors.
