5 factors that can propel Nifty 50 to fresh peaks in December

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₹4,687 crore in November so far. State election outcomes, interest rate trajectory in the US, and geopolitical issues are some of the key factors that will move the market in December. "Favourable outcome of state elections, reinforcement of the belief that the top of rate hike cycle is behind us globally and any favourable development in the two geopolitical conflicts are some factors that can take the Nifty higher in December," said Deepak Jasani, Head Retail Research, HDFC Securities.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Here are five factors that can propel Nifty 50 to fresh peaks in December Experts believe the outcomes of state elections can influence the mood of the market. These state elections hold significance as they are expected to have some impact on the crucial Lok Sabha or general election in 2024.

As of now, the Congress is in power in Rajasthan and Chhattisgarh, while the BJP rules Madhya Pradesh. Zoramthanga of the MNF is the Mizoram Chief Minister and BRS' K Chandrashekar Rao is in power in Telangana. The assembly elections 2023 exit poll results are set to be declared after 6:30 pm on Thursday, November 30.

Also Read: Assembly Elections 2023 Exit Poll Live Updates: Who will win Rajasthan, Telangana? Poll predictions to be released soon Even though the market appears to have discounted the possibility of interest rates going down from May to June next year, a clear signal on this from the US Fed will give a boost to market sentiment. According to Bloomberg, billionaire investor Bill Ackman believes the US Fed will begin cutting interest rates sooner than markets are predicting. The Fed started raising rates