Indian Stock Market Rebounds: What's Next?

The Indian stock market saw a significant rebound last week, with the Sensex and Nifty 50 gaining nearly 2% each. This recovery follows a period of heavy selling that had eroded investor wealth. The Nifty closed at 22,552.50, while the Sensex ended at 74,332.58. Factors contributing to this upswing include the RBI's liquidity boost, falling crude oil prices, and a weaker dollar. However, global uncertainties, particularly from US trade policies and foreign investor selling, continue to pose risks. Looking ahead, the Nifty faces resistance near 22,700, and a move above this could propel it towards 23,200-23,400. On the downside, breaking below 22,250 may lead to a test of the 21,800-22,000 zone. Investors are advised to remain cautious, focusing on domestic sectors like financials and telecom.

Source: India Today