Neutral impactStocks
Expert view: A relief rally toward 23,800–24,200 possible; FPIs may return if dollar, bond yields peak, says Rahul Ghose
Mint 1 hr ago·20 Oct 2026, 2:10 am
Nifty 50 could see a short-term rebound between 23,800 and 24,200 levels due to oversold market conditions. However, this relief rally may be temporary as foreign portfolio investors (FPIs) are expected to stay on the sidelines until US bond yields and the dollar index show signs of peaking.
For investors, this signals a cautious period ahead. The relief rally offers a chance to book partial profits, but the broader market may remain range-bound until global macroeconomic factors stabilize. High oil prices could further cap the upside, making it essential to focus on quality stocks with strong balance sheets.
Excerpt from Mint
Octanom Tech CEO Rahul Ghose expects the Nifty to end the year lower, though oversold conditions could fuel a relief rally to 23,800–24,200. He says foreign investors are unlikely to return until US yields and the dollar peak, while high oil prices may limit broader market gains. Expert view: Rahul Ghose, Founder and…Read the original at Mint
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