GK and monthly revision

Dalal Street set for a positive start as GIFT Nifty trades higher

On Wednesday, Indian markets rebounded strongly, with the Nifty surpassing 24,000 points, driven by renewed buying interest and a decrease in energy prices, particularly Brent crude. This decline in crude prices alleviated concerns regarding potential disruptions in the Strait of Hormuz. Notably, while foreign institutional investors sold shares, domestic investors exhibited strong buying behavior. Additionally, the Indian rupee appreciated against the US dollar, indicating improved market sentiment.