Indian benchmark indices ended the previous session in green, with Nifty 50 rising 67.90 points, or 0.29%, to 23,414.30, while BSE Sensex gained 564.03 points, or 0.76%, to close at 74,858.99.
Easing crude oil prices, lower bond yields and hopes of diplomatic engagement supported investor sentiment. Geojit Investments’ head of research Vinod Nair said that improving sentiment ahead of the US-China talks and renewed hopes of diplomatic engagement between the US and Iran at the UN, along with declining oil prices and bond yields, provided relief to investors.
He also said the earnings cycle appeared to be turning positive, while relatively attractive valuations in select market pockets supported a constructive medium-term outlook for equities. Nair noted that geopolitical developments and interest-rate expectations remained key variables for market direction in the near term.