Benchmark indices -- S&P BSE Sensex and Nifty50 -- have rebounded over 5 per cent after hitting fresh 52-week lows on June 17, 2022. Rapidly falling commodity prices, expectations that inflation might have peaked, and robust outlook for domestic economy have helped markets recoup losses. Besides, average selling by foreign portfolio investors (FPIs) has moderated considerably, boosting sentiment.
The BSE Sensex has reclaimed 54,000-mark, while the Nifty50 has crossed 16,000 level. Such a decisive win over their sentimental marks could see further upside if there are no negative surprises.
Thus, if the Indian markets continue to rise from here, these