Expert view: A relief rally toward 23,800–24,200 possible; FPIs may return if dollar, bond yields peak, says Rahul Ghose
Rahul Ghose, CEO of Octanom Tech, predicts a potential relief rally for the Nifty 50 towards 23,800–24,200, citing oversold market conditions. He noted that foreign portfolio investors (FPIs) are likely to return when the dollar and US bond yields peak, as they withdrew ₹3.08 trillion in CY26 due to global financial dynamics. A clearer market trend may emerge if the index closes above 23,200.