Indian equity benchmarks posted a second consecutive session of gains on Thursday, buoyed by a retreat in crude oil prices and positive developments in diplomatic talks between the United States and Iran.
The broader market sentiment improved as global cues mixed, with the decline in energy costs providing a tailwind for domestic indices.
The easing of geopolitical tensions in the Middle East has helped alleviate supply-chain concerns that had previously weighed on investor sentiment.
With crude prices softening, the immediate pressure on import bills and inflation expectations has moderated, supporting a more constructive outlook for equities.
Amid this backdrop, market strategists are pointing to specific short-term opportunities.
Ajit Mishra of Religare Broking identified three stocks poised for potential outperformance over the next one to two weeks, citing favorable chart patterns and prevailing market trends.