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Below the Quote on Market All Time High by Mr. Ashish Chaturmohta, Managing Director & Fund Manager, Apex PMS, JM Financial Ltd

"Nifty has started the year on a firm footing, scaling fresh lifetime highs above 26,340 and reaffirming its broader uptrend. However, the market’s underlying tone remains fragile. December data show that nearly 58% of NSE 500 stocks ended the month lower, while over half of Nifty constituents underperformed the index—highlighting narrow, large-cap-led leadership rather than broad-based strength. This divergence suggests that gains remain concentrated in a few heavyweights, with much of the market yet to participate. If Nifty sustains current levels and market breadth improves, a broader participation phase could emerge, making the next leg of the bull market stronger and more sustainable.

Fundamentally, the rally is supported by improving corporate earnings and macro stability. GST cuts aiding demand, a lower interest-rate environment, positive rural sentiment, and steady domestic institutional support reinforce the underlying strength, while any positive resolution on the US trade front could further influence foreign investor sentiment."

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