Equity markets rose Wednesday following positive global cues and alleviating geopolitical tensions. The Sensex leapt 4 % (2, 988 82 factors) to 77, 605 40, while the Nifty rose 3 85 % (890 35 factors) to 24, 014
- Trigger: A US-Iran ceasefire announcement brought about decreased crude oil rates.
- RBI: The Reserve Financial institution of India preserved its crucial policy price at 5 25 %, mentioning unpredictability from the West Asia dispute.
- Expert View: Motilal Oswal Financial Solutions recommends a favorable trading bias, with Awesome potentially getting to 24, 260 Immediate support exists at 23, 500 – 23, 200
- Stock Recommendations: Jindal Steel and Ather Power are recommended buys by analyst Ruchit Jain.