Indian equities rebounded on Monday, mirroring gains in Asian markets, as concerns over the Iran-Israel conflict eased. The Nifty rose 0.9% and the Sensex climbed 0.8%, recovering from previous losses fueled by escalating Middle East tensions. A decline in Brent crude prices and expectations of US intervention further boosted market sentiment, reducing volatility.
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SBI Securities expects Nifty’s breakout to strengthen if it crosses 24,450, opening the door to 24,900. While small-caps continue outperforming, Bank Nifty retains a positive