The 50-share Nifty index slipped to 200 points from a record high of 8996.60 hit last month but if you ask the brokerages they will tell you to hold your nerves and wait. The index, they feel, should be able to surge past the crucial psychological level of 9000.
Finance Minister Arun Jaitley will present his first full-year Budget on February 28 for FY16 and if the momentum continues, Nifty and Sensex are all set to hit record highs ahead of the main event.
The S&P BSE Sensex has rallied over 1500 points in January and ended up hitting a fresh record high of 29,844.16 backed by strong buying from foreign institutional investors (FIIs), who have poured in over Rs 21000 crore in the Indian markets in the same period.
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