Indian shares seen extending four-session rally on earnings updates and foreign inflows
AI Market Summary
Indian equities look set to extend a four-session rally, with Nifty futures implying a higher open and benchmarks at 10-week highs. Support comes from renewed foreign portfolio inflows, solid bank loan-growth updates, and strong pre-earnings signals from select consumer names, partly offset by a softer update from Trent. Stable Brent near $72 and improved monsoon progress further bolster risk appetite near-term.
Impact level
● Medium
AI InsightAI Insight
▲ Bullish
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Nifty 50 futures point to a higher open, extending a four-session advance that has lifted the index to a 10-week high. Sentiment has been supported by four straight sessions of net foreign buying, including 2.43 billion rupees on Monday, as well as strong first-quarter loan growth at banks. Titan said its consumer business grew 41% year-on-year in the first quarter, adding to upbeat pre-earnings updates. Brent crude held near $72 a barrel, while faster progress in monsoon rains also aided risk appetite.
