Indian benchmark indices closed the week on a positive note, extending their rally for a third consecutive session.
The Nifty reclaimed and sustained levels above critical technical resistance, driven by robust buying interest that outweighed broader geopolitical concerns.
The market's resilience comes as rising geopolitical tensions in West Asia and a sharp jump in crude oil prices weighed on investor sentiment.
Despite these headwinds, domestic equities managed to break a four-week gaining streak with marginal losses, signaling underlying strength in the local market structure.
Amid the broader market movement, equity research head Mehul Kothari at Anand Rathi Wealth has identified three stocks trading below ₹100 as attractive short-term buys: Trident Limited, UCO Bank, and MMTC.
These recommendations highlight selective opportunities within the current market environment, focusing on value plays that may benefit from the ongoing rally.
The divergence between global risk factors and Indian market performance suggests that domestic liquidity and technical momentum are currently driving price action.
Investors are closely monitoring whether this trend can sustain against further escalations in the Strait of Hormuz, which have previously triggered volatility in energy and shipping sectors.