Page 7 of Glenmark Pharmaceuticals

Indian markets reached new highs last week, with the Nifty hitting a record intraday peak of 26,310 and closing 0.52% higher at 26,202. The GDP growth data for Q2 exceeded expectations and boosted sentiment in large caps. The Nifty is in a resistance-free zone and could target 26,550-26,650, while the Bank Nifty is on a firmer footing.