The Indian stock markets extended their winning streak to the seventh straight session on Monday, with the benchmark Sensex jumping 528 points to regain the 67,000 level while the Nifty scaled the record 20,000 mark for the first time.
– The Nifty is also trading above its 200-day moving average. – The outlook for the markets remains positive in the near term.
– Investors can continue to buy quality stocks on dips. – They can also look at investing in sectors such as IT, pharma, and infrastructure.
– However, investors should keep an eye on global cues and avoid taking aggressive bets.
– The Indian stock markets are in a strong position and are likely to continue to rise in the near term. – However, investors should keep an eye on global cues and avoid taking aggressive bets.