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Nifty to hit new all-time high of 19425 in next 12 months, cooling commodity prices provide comfort

Nifty 50 is likely to scale fresh all-time highs of 19,425 in the next twelve months, said analysts at ICICI Direct. Although the April-June quarter earnings were muted for Dalal Street, the recent southward march undertaken by commodity prices is seen to be providing comfort going forward. “The recent cool off in key commodity prices …

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