Nifty seen breaking the 24,000 expiry jinx
Market analysts anticipate that the Nifty 50 will close above 24,000 in the upcoming August expiry, breaking a five-month trend of settling below that level. This optimism stems from easing geopolitical tensions in West Asia, which could boost foreign investor inflows. The index has consistently failed to maintain a position above 24,000 since February, despite reaching higher intra-month levels, and analysts suggest that a recovery in foreign portfolio investment could facilitate this change.