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Is the late market surge a sign of stability returning to Indian equities? Expert answers

The Indian stock market saw a quiet trading session for most of the day, but a sharp recovery in the last half-hour helped lift sentiment. Analysts say this late surge could be a sign of stability returning to the market after a weak start.

Osho Krishan of Angel One, said the day was mostly dull but ended on a strong note. He explained, “Throughout the session, we saw a very lacklustre trading day for the Indian equity market. In the last 30 minutes or so, we saw a very strong resurgence.” He added that the market now looks more stable, and further recovery is possible in the coming days. According to him, Bank Nifty is likely to see more strength as private sector banks have started gaining momentum in the past couple of hours.

On the currency front, Naveen Mathur of ARSSBL, said the rupee has been under pressure. He noted that after remaining stable around 88–89 per US dollar for some time, the currency has dropped sharply over the past two days.

Speaking about the upcoming RBI Monetary Policy Committee meeting, Mathur said there are expectations of a rate cut, but he doubts it will happen. He explained that a rate cut could push the rupee down further, making things harder for the central bank. He added that inflation is under control, growth remains steady, and manufacturing and services are performing well, although exports remain a concern.

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