Indian benchmark indices, Nifty and Sensex, closed higher for the second consecutive day on Friday, buoyed by banks, consumer, and metal stocks. Analysts noted Nifty’s recovery above its 50-DMA, signaling bullish sentiment and potential for further gains towards 25,200 and 25,500, supported by a drop in India VIX.
Market veterans favour value plays over crowded, expensive themes
Market experts project cautious optimism for Indian equities as valuations become less demanding and earnings growth aligns. Large-cap stocks appear more favorable compared to mid-