Will the Nifty bull run soon come to an end? (Photo: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Having consolidated for the larger part of the last year, the recent bull run in the market has served as a reprieve for many, with Nifty closing in on September 2024's all-time high of 26,277.

However, UBS believes that while Nifty will reach and surpass the all-time highs by the end of the year, the bull run seen in the benchmark index is likely to fizzle out, with the firm not expecting any further gains for the benchmark.

In its latest India Strategy report, UBS noted, "Although this is already a consensus view, further gains in the Nifty index are unlikely."

The brokerage firm does, however, believe that Nifty will reach the all-time highs of last Septembe

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