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.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and