The uptick adds to signs the tide may be turning for regional equities after they underperformed their global peers last year due to the strengthening dollar and concern they would suffer from global trade tensions.
Despite easing West Asian tensions, the RBI remains cautious, with Governor Sanjay Malhotra emphasizing data dependency over pre-set interest rate paths. While the truce offers
Indian equity markets are poised for further gains, with Nifty aiming for 25,000 if it holds the 23,800 support. Banking and defence sectors are highlighted
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