Markets are cautiously optimistic after a US-Iran ceasefire. Investors are watching fourth-quarter earnings and crude oil prices closely. Foreign institutional investors’ decisions will also shape market direction. While immediate conflict fears fade, domestic concerns like valuations and growth recovery may resurface. Corporate profitability faces pressure from higher energy costs and a weaker rupee.
HDFC Bank, SBI, other stocks jump up to 2%; Nifty Bank gains 560 points. What lies ahead?
Banking stocks rallied up to 2% on Wednesday, lifting the Nifty Bank index as investors positioned themselves ahead of a crucial round of Q1 earnings