We have been publishing updates on the Nifty 50 outlook. You can read the most recent update on the Nifty 50 outlook here. In this article, we take another look at the index. In the previous update, we had mentioned that the outlook for Nifty 50 was positive, and the expectation was a rise to the targets at 16,695 & 18,630.
Back on June 15th, the Central Board of Direct Taxes (CBDT) notified the Cost Inflation Index (CII) of the financial year FY 2021-22 as 317, against 301 for the previous year FY2020-21. This 5.32% spike marks a change from the lower revisions in earlier years.