Indian equities rebounded on Monday following positive global market trends and hopes of easing in policy-tightening as inflation slowed worldwide. The Nifty rose 108 points to 19,754, with the Sensex up 367 points. The Nifty Midcap 100 also reached a new intraday record high. Analysts predict Nifty has a strong base with open upside targets.
SBI among top 10 stock picks from Axis Securities with upside potential of up to 42%
The long-awaited 50 bps rate cut by the Federal Reserve has finally happened, with the Fed hinting at further reductions in 2024, 2025, and 2026.