Indian indices rebounded on Friday, snapping a five-day losing streak, driven by buying in IT, banking, and auto stocks. Despite the rally, analysts remain cautious due to muted earnings and liquidity concerns, suggesting the bounce back may be temporary. While the short-term outlook remains negative, long-term investors might find opportunities in select sectors like IT and banking.
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This strength is underpinned by robust domestic demand, a sustained capex cycle, and relatively limited exposure to global shocks compared to developed markets.
December 9, 2024