India’s Nifty has hit record highs, driven by strong earnings, domestic demand, and improving balance sheets, a shift from previous liquidity-fueled rallies. Analysts believe this up-move is anchored in firmer fundamentals, with steady profit growth expected across key sectors. While valuations are debated, domestic money flow provides a cushion against volatile foreign investor sentiment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets