Key Points
While S&P BSE Sensex jumped 624 points or 1% to hit the day's high of 63,772.22, the broader Nifty50 gained 190 points to scale an intraday high of 19,046..
Notwithstanding the six-session consecutive fall, JP Morgan upgraded India to 'Overweight' from 'Neutral' as it recommended investors to use the near-term correction/dip as an opportunity to add and leverage on a positive historical seasonality to the general election..
Markets rejoiced on softening of the US bond yields on Thursday following the release of weaker-than-expected US inflation and disposable income data, supporting market sentiment that interest rates are closer to their peak..
Asian markets rose on Friday after blockbuster earnings from tech giants Amazon and Intel provided Asian traders with hope for a bounce in New York at the end of the week..
The consecutive six-day correction has brought the markets in oversold territory and valuations which were at premiums are now at a fair price according to experts and offering buying opportunities to investors and traders..
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