Tonight's release of US employment and wage data will reveal whether the US recession concerns are for real.

The positive trend will continue in the coming days if the Nifty remains above the short-term support level of 24870. 

Analysts predict that Indian markets could mirror the bloodbath in Western and Asian markets; profit-taking pressure is expected, but the 25,000 target for Nifty remains within reach.

`Staying invested or investing in low-hanging fruit can still pay off as the economy continues to grow'

Nifty climbed from 24,000 to 25,000 in 24 trading days, adding 5,000 points (25%) over 11 months.

The momentum indicators signal a positive trend

US to cut rates in September; gold rises, dollar falls; crude oil prices surge amid conflict fears; Infy faces massive tax notice

The Nifty remains above the long-term and short-term moving averages.

The market response will hinge on whether the budget prioritises reducing the deficit or boosting welfare initiatives

Due to lower-than-expected results, Vipro's shares fell by up to 8%