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The rally in frontline indices in the last few sessions suggest that markets have now recovered from the recent correction triggered by market regulator Sebi’s caution on the ‘froth’ in small and mid-cap stocks.
Benchmark indices hold gains of early trade. All sectoral indices were in the positive territory with Nifty Realty, Nifty Media, and Nifty Metal seeing the most gains.
From the Sensex basket, JSW Steel, Tata Steel, UltraTech Cement, NTPC, Larsen & Toubro and HDFC Bank were the major gainers.
While intra-day volatility will likely continue in the near term, the focus will slowly shift to fourth quarter corporate earnings, experts say
India Business News: Stock market rally: Investors saw a substantial wealth increase of Rs 10.58 lakh crore in a 3-day market rally, with BSE Sensex hitting an all-time hi