Market move▲ Bullish for Indian equities
Traders cautious amid Brent pullback, markets likely to stay volatile
The brief
- Nifty gained 133 points as Brent eased towards $101-102 a barrel
- Oversold conditions and softer US rate expectations supported a relief rally
- Lower crude prices ease pressure on Indian fuel costs and inflation-sensitive sectors
- Will Nifty's 8-week losing streak trigger a relief rally but the big bottom isn't in yet
- Ease of biz relief in store for small ecomm sellers
- GST Council may consider compliance reforms offering relief to e-commerce sellers and buyers
- Department of Commerce extends RELIEF program timelines to support exporters facing geopolitical risks