Indian equity markets have managed to sustain above the psychologically important 24,000 mark this week, supported by improving sentiment, steady earnings, and hopes of easing geopolitical tensions in West Asia. Market expert Sandip Sabharwal believes the recent rally has been aided by overly negative positioning among investors, creating room for a rebound despite lingering uncertainties.
Speaking to ET Now, Sabharwal said that structurally the market setup remains favourable because sentiment around India had turned excessively pessimistic over the past few weeks. According to him, that negativity itself has created a stronger base for equities to recover.
