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Below are Views On Growth momentum in the real estate sector is boosting the sentiment : Santosh Meena, Swastika Investmart

Indian market witnessed a stellar rally where Nifty and Sensex hit their fresh all-time high of 17844 and 59957 respectively. Our market is in a roaring bulls market and outperforming global peers where the market took minor correction as a buying opportunity. The recent correction was driven by China's Evergrande issue and this matter is easing for time being therefore we are seeing a short-covering rally across the globe. The outcome of the Fed meeting is not favorable for the equity market as Fed has mentioned the timeline of bond tapering but the global markets had already corrected ahead of this meeting so we are seeing a short-covering rally because the market likes clarity instead of uncertainty.

The Indian market has its own positive factors like unlocking, strong growth in the real estate sector, good monsoon, positive developments in government policy, and investor's confidence. The growth momentum in the real estate sector is boosting the sentiment because it has a ripple effect on multiple sectors.

It will be important to see global markets' behavior from here and if they remain calm then our market may continue its outperformance where 18000 & 60000 are the psychological hurdle for Nifty and Sensex respectively however if global markets start to fall once again then we can expect profit booking in our market as well.

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