Investor sentiment improved sharply as Indian equity markets witnessed a strong recovery, with the Sensex gaining more than 600 points while the Nifty comfortably crossed key resistance levels. Buying interest was primarily seen in banking, financial services and information technology stocks after positive global cues boosted confidence.
Lower crude oil prices and expectations that major central banks may adopt a more balanced monetary policy also supported market sentiment. Domestic institutional investors remained active buyers, helping offset intermittent foreign fund outflows.
Analysts believe the coming earnings season will now become the biggest catalyst for the market. Investors will closely watch quarterly results, management commentary and guidance to determine whether the recent rally has enough strength to continue.
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