Market Rally Ahead? Experts Reveal Stocks To Watch-Nifty, Auto, Bharti Airtel, Nykaa| Business Today
Indian equity markets opened on a steady note ahead of the Reserve Bank of India policy decision, backed by strong global cues, a drop in
Indian equity markets opened on a steady note ahead of the Reserve Bank of India policy decision, backed by strong global cues, a drop in crude oil prices, and strength in the domestic currency. The rupee reclaimed the ninety-five mark against the US dollar for the first time in nearly a month. Positive momentum was seen across auto, auto ancillary, real estate, and financial stocks, alongside strong quarterly corporate earnings reported by telecom and retail heavyweights including Bharti Airtel and Nykaa.
In a major regulatory update, the Supreme Court of India proposed new measures to enforce vehicle insurance compliance across the nation. The court recommended mandatory third-party insurance for four years on new four-wheelers and six years on new two-wheelers. Additionally, it suggested pilot projects to link fuel purchases at petrol pumps directly with a vehicle's valid insurance status, utilizing automated cameras and portal integration to restrict uninsured vehicles.
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