Indian equities surged on Monday, driven by optimism surrounding potential GST simplification, leading to short covering in sectors like auto and FMCG. The Nifty and Sensex both experienced gains, fueled by positive domestic investor activity and a slight decrease in market volatility. Consumption-based stocks led the rally, with Maruti Suzuki emerging as a top gainer.
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to