BusinessPhoto: Deccan HeraldNifty 50 Expected to Gradually Recover Amid Market Volatility
The Nifty 50 index is expected to consolidate with gradual recovery despite intermittent market volatility. The index's rise above 23,000 has boosted domestic sentiment, supported by strong demand, tax collections, and optimism over potential capital gains and securities transaction tax reviews. IT stocks gained from strong results by HCL Technologies and Tech Mahindra. Global bond yield moderation and easing US Treasury yields also helped. However, high crude prices, inflation, and geopolitical risks remain concerns. Banking stocks will be watched closely amid ongoing earnings season.
Deccan Herald·




