Indian equity indices surge 1% amid SBI profit boost and Trump-Putin meeting optimism

August 12, 2025

Indian equity indices rebounded strongly, recovering last week’s losses, fueled by SBI’s impressive Q1 results and optimism surrounding the upcoming Trump-Putin meeting. Short covering was observed ahead of the summit, with PSU banks gaining traction. However, caution remains due to technical indicators and geopolitical factors, including US tariffs on Indian goods.

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