The benchmark Nifty 50 recently surged to a fresh all-time high at about 26,202.95, driven by supportive global sentiment and domestic tailwinds. Alongside, Sensex also rose, closing at 85,706.67.
Analyst Sudeep Shah noted the rally appears selective rather than broad-based. Large-cap stocks are leading the gains, while mid-cap and small-cap segments remain relatively weak. As a result, overall market strength remains uncertain unless broader participation returns.
With the upcoming Reserve Bank of India (RBI) Monetary Policy Committee meeting on the horizon, many investors — and especially those tracking Bank Nifty — are awaiting cues. Meanwhile, foreign institutional investors continue to sell Indian equities, reflecting caution amid global macro uncertainty and domestic valuation concerns.
Given this backdrop, analysts suggest focusing on sectors or stocks with strong fundamentals, rather than broad-market bets. A selective approach may offer better balance between opportunity and risk while broader market recovery remains uncertain.
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