Indian equity markets extended their winning streak for a fourth consecutive session, driven by sustained buying from foreign portfolio investors and a supportive backdrop of lower oil prices.
The Sensex and Nifty 50 advanced as external capital flows continued to offset domestic volatility, reinforcing the broader regional recovery narrative.
These new research notes imply potential returns of 16% to 20%, signaling growing confidence in specific sectors within the Indian market.
The rally reflects improving sentiment among international allocators, who have increased exposure to Indian large-cap names amid stabilizing global growth expectations.
Lower crude prices further eased inflationary pressures, providing tailwinds for corporate margins and consumer spending forecasts.
Brokerages have also initiated coverage on several Indian companies, including Kirloskar Oil Engines, APL Apollo Tubes, and Union Bank of India, assigning 'buy' ratings to all three.
These new research notes imply potential returns of 16% to 20%, signaling growing confidence in specific sectors within the Indian market.