GIFT Nifty's Positive Open Amid Oil Relief—Thoughts on Nifty Recovery?
With GIFT Nifty showing a positive start this Monday, up around 100 points from Friday's close, I'm curious how this ties into the broader macro picture for Indian indices. We've seen some relief in oil prices from the Hormuz developments, and rupee stabilizing a bit—does this mean we're looking at a more sustained recovery in Nifty and Sensex, or is it just a temporary bounce before the next FII wave hits? I've been sticking to large caps in my portfolio, but valuations still feel stretched in some sectors. Anyone reallocating based on these global cues, or holding steady for upcoming earnings like Kotak and Nestle?
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