India’s equity markets continue to witness a tug-of-war between optimism in the broader market and caution around inflationary pressures, elevated crude prices, and uncertain global developments. While frontline indices remain largely range-bound, selective buying in midcaps and smallcaps has resurfaced as investors respond positively to quarterly earnings announcements.
Market expert Neeraj Dewan believes the broader market has started showing resilience again after a brief phase of profit booking earlier in May.
