Markets bounce back on RBI dovish tone; Nifty Bank leads recovery: Rohit Srivastava

Indian equity markets, led by the banking sector, staged a recovery on Tuesday after eight consecutive declines. Analysts believe this signals a sustained rebound, fueled by oversold conditions and the RBI’s dovish stance hinting at future rate cuts. Bank Nifty is expected to continue its upward momentum towards 57,000, potentially lasting until Diwali.

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