If the uptrend in the broad market were to resume, private banks stand the most to gain, with the Nifty private bank index having closed above 20-day SMA for the first time since 16th January.
Assuming that market returns in the long run track earnings growth, Indian markets offer an attractive risk-reward if return expectations are 9-12%.
Sensex surged 1,131 points, revisiting the 75,000 level, and Nifty rose 1.45% on global bullish trends. Paytm gained 8%, with resistance at 770 and support
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