Nifty to hit 17,200 by Dec 2021; ICICI Bank, Bharti Airtel, others may rally up to 36% as earnings recover

February 2021 proved to be a roller coaster ride for the Nifty 50 index, where the first trading day of the month saw a 5 per cent rise in the index, while the last day witnessed a correction of 4 per cent. The 2020 pandemic rally was driven by significant FII buying on the back of multiple factors including the low-interest rate regime.
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