Commenting on Today’s Market Outlook Prashanth Tapse, Senior VP (Research), Mehta Equities said that Nifty and Sensex have hit historic highs at 25,433.35 and 83,116.19, reflecting strong market confidence. Investors remain optimistic, eyeing Nifty’s next psychological target of 26,000, driven by FOMO.

Tapse also added that Key stocks in focus include Bharti Airtel, surging on Wi-Fi service expansion, and steel stocks, buoyed by robust demand as reported by ICRA. On the downside, Granules India fell 16% after US FDA observations.

“For traders, Nifty is a buy between 25,200-25,300 with targets up to 26,100, while Bank Nifty offers aggressive targets up to 55,000. Jindal Steel & Power remains a top pick for a bullish rebound,” tapse further said.