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ICICI Securities sets Nifty target at 29,500 for next year

after close1 source ↓written by the desknot a recommendation

Pankaj Pandey of ICICI Securities projects double-digit earnings growth for the Indian equity market over the next 12 months, setting a Nifty target of 29,500 and Sensex target of 98,500. He favors sectors like BFSI, IT, capital goods, and real estate, with Bank of Baroda and KPIT Tech as top picks. Global risks remain a concern.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 23 Dec 2025, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BANKBARODA closed −0.7% on the day of the news, from ₹292.50 to ₹290.55; Nifty −0.1% over the same session; futures OI +0.5%.

Bulletin at 16:06 IST on 23 Dec 2025. Every change is measured from ₹292.50, the last close before it, on 23 Dec. Nifty 50 is measured over the same sessions.

  • BANKBARODA close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BANKBARODA closes around the bulletin against the close before the news, with Nifty 50 rebased to it270.27292.50314.73axis spans 16%before the news · 23 Dec292.50Nifty 50BANKBARODAbulletinD0+1+3+517 Dec30 Dec8 JanFutures open interest, lotspeak 32,000Reference close ₹292.50. 16 sessions from 17 Dec to 8 Jan; the price axis spans 16 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before23 Dec₹292.50basebase
On the day24 Dec₹290.55▼ −0.7%▼ −0.1%−0.5 pp difference
+1 session26 Dec₹288.20▼ −1.5%▼ −0.5%−0.9 pp difference
+3 sessions30 Dec₹293.00▲ +0.2%▼ −0.9%+1.1 pp difference
+5 sessions1 Jan₹300.75▲ +2.8%▼ −0.1%+2.9 pp difference
Gap at the open, % · ₹
▲ +0.4%+1.11 on 24 Dec
Day's range, % · ₹
1.3%≈ 3.9 high to low
Volume on the day
0.45×the 20-session average
Futures OI on the day
▲ +0.5%+130 lots · short build-up · price −0.7%
Futures OI open, lots
30,00024 Dec · 30 Dec expiry
Futures premium, ₹
+0.45+0.1% to spot
Puts per call, by OI
0.79from 0.82 the session before
Max pain
290from 290 the session before

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