Nifty 50 target, March 31 -- The financial year 2025 (FY25) turned out to be a year of two halves as the Indian stock market witnessed a strong bull run till September, followed by a period of massive selling.

The Nifty 50 index galloped to a record high of 26,277 in September 2024. But from thereon it was a downhill ride for five straight months - the longest such streak for the index since its inception in 1996 - as slowdown in India Inc earnings, fears of the impact of Donald Trump's tariffs and expensive valuations marred the prospects for the Indian stock market. In March, the stock market, however, rebounded significantly, taking the financial year gains to 5.34%.

This rally was driven by value buying as several beaten-down stocks...