Direction: Study the following information carefully and answer the question given below.

The benchmark index Nifty50 is soon expected to exceed its all-time high level of 18600 and may go further to grab 19000-mount by this year's end, many analysts predict, citing strong technical charts on a weekly and daily basis. The Indian markets hit new 52-week highs on November 11, 2022. The domestic markets were able to close higher for the fourth week in a row. The main indices, the Nifty and the Sensex, gained strength by following the lead of the international indices and settled near the week's high to close at 18,349.7 and 61,795 levels, respectively. The immediate objective for Nifty is to surpass its all-time high at the 18605 level, followed by aggressive aims at the psychological 19000 level in the following months, supported by numerous favorable triggers.

Which of the following can be the 'favorable triggers' behind the bullish trend as mentioned in the passage above?

I. GST collection was higher than expected in the previous quarter.

II. Foreign investors coming back with more capital inflows.

III. Federal Reserve is expected to hike the interest rate again in December.

1
Only I and III.
2
Only III.
3
All of the above except I.
4
All of the above except III.
5
Only II.

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