Where is Nifty50 headed in April? See what history has to tell about D-Street action

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Key Points

After an overwhelming show in FY24, domestic equities look poised to kickstart the new financial year on a good note and test new highs, as capital flows remain buoyant and the underlying factors conducive for the bulls to keep their foot ahead of the bears on Dalal Street...

Benchmark Nifty50 bid goodbye to FY24 after clocking in 27% gains and the market saw. over Rs 4 lakh crore of money being bet by foreign and domestic institutional investors..

Two years of double-digit earnings growth has been one of the major factors driving markets to all-time highs, and expectations are that we could see another year of double-digit growth in FY25...

Interestingly, even the broader market has exhibited strong positive seasonality, with the Nifty Midcap index closing in the green on eight occasions in the last 10 years with an average return of 3.7%..

We expect FPI flows to remain strong and would expect them to resume increasing their stake in Indian markets, said Alok Agarwal,. head quant & portfolio manager at Alchemy Capital Management...

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