Indian stock markets rose for a fifth day, led by IT and banking sectors. Sensex gained 1% to 81,765, Nifty rose 0.98% to 24,708. Analysts see continued bullishness with next resistance at 24,850.
Hiren Ved of Alchemy Capital suggests focusing on capital market plays due to their structural growth, outperforming large private banks recently. While valuations seem high,
Hiren Ved suggests that geopolitical tensions are hindering market breakouts despite strong monetary stimulus from the RBI. The Nifty’s range-bound movement reflects these opposing forces,
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