Indian equity benchmarks advanced for a second straight day on Thursday, driven by broad-based buying across market segments.
The Sensex and Nifty 50 both closed higher, marking a continuation of the recovery momentum that began in the previous session.
Technical strategists had recently warned that Indian equities were grappling with persistent selling pressure, casting doubt on the sustainability of the market’s recovery.
The rally represents a notable shift in market tone.
Technical strategists had recently warned that Indian equities were grappling with persistent selling pressure, casting doubt on the sustainability of the market’s recovery.
The two-day advance suggests that investor confidence is returning, at least in the near term, as buyers step in across various sectors.
Market expert Raja Venkatraman highlighted the developing trend, offering a technical outlook and specific trade strategies for the session.