Nifty breaks record high twice in 40 days. Will this rally endure or fizzle out again?

India’s Nifty has hit record highs, driven by strong earnings, domestic demand, and improving balance sheets, a shift from previous liquidity-fueled rallies. Analysts believe this up-move is anchored in firmer fundamentals, with steady profit growth expected across key sectors. While valuations are debated, domestic money flow provides a cushion against volatile foreign investor sentiment.