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Indian Equity Markets Open Higher Amid Mixed Global Cues
Indian Equity Markets Open Higher Amid Mixed Global Cues
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BTCCSquare news:
Benchmark indices in India opened higher on Tuesday, with the Nifty 50 rising 0.33% to 25,151.00 and the Sensex gaining 0.35% to 82,075.70. Banking stocks led the recovery, reversing Monday’s decline. Kotak Mahindra Bank surged 1.25%, while NTPC, Axis Bank, Mahindra & Mahindra, and Adani Ports also posted gains. Nestle India and Asian Paints were among the top losers.
Dr. VK Vijayakumar of Geojit Investments noted that India’s underperformance over the past year stems from poor earnings growth and high valuations. A sustained rally, he emphasized, hinges on improvements in these fundamentals. Technical indicators suggest cautious optimism, with key resistance and support levels in focus.
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