Nifty heading to 25,000, Bank Nifty to 60,000 soon; prefer private banks, NBFCs over PSU banks: CA Rudramurthy BV

Indian equity markets are showing strong upward momentum, breaking past key resistance levels. Analysts believe this rally has significant potential, with the Nifty eyeing 25,000. Supportive macro factors like stable crude prices, a steady rupee, and a slowdown in foreign investor selling are fueling optimism. The market favors private banks and NBFCs over PSU banks, with specific stock recommendations in pharma, IT, and platform businesses.