Sensex rises over 100 points, Nifty above 22,600 as market extends gains. Why caution is warranted
Indian equities extended their recovery for a second session, with Sensex and Nifty posting modest gains amid improved investor sentiment. Trent surged nearly 9% following a strong business update, while banks and NTPC advanced. However, analysts warned of continued FII selling, elevated bond yields, crude price uncertainty and potential RBI rate hikes, limiting upside.
Key Takeaways
- Indian equities extended their recovery for a second session, with Sensex and Nifty posting modest gains amid improved investor sentiment.
- Trent surged nearly 9% following a strong business update, while banks and NTPC advanced.
- However, analysts warned of continued FII selling, elevated bond yields, crude price uncertainty and potential RBI rate hikes, limiting upside.
Indian equities extended their recovery for a second session, with Sensex and Nifty posting modest gains amid improved investor sentiment. Trent surged nearly 9% following a strong business update, while banks and NTPC advanced. However, analysts warned of continued FII selling, elevated bond yields, crude price uncertainty and potential RBI rate hikes, limiting upside.
Original Publisher Attribution
This summary was curated from Economic Times.