Stocks in Focus: GIFT Nifty traded up 285 points or 1.40% at 20,638, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 advanced 0.67% to settle at 20,267.90, while the BSE Sensex added as much as 492.75 points to 67,481.19.

“A new Bull Phase with a clear support for growth awaits the market following a strong mandate for the ruling party at the Center in 3 out of 5 state poll results. A stable political environment could further boost investors’ confidence and drive the markets higher, with the possibility of benchmark Nifty attaining 20,500-20,800 levels going ahead appears bright. Optimistic global trends including signs of foreign investors making a comeback in domestic markets are  major factors that will drive the upward movement going forward,” said Prashanth Tapse, Senior VP (Research), Mehta Equities. 

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