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Have the Indian stock markets rallied too fast, too soon?

Until the S&P BSE Sensex and Nifty50 do not break 57,000 and 17,000 levels, there are higher changes of touching 64,000 and 19,000 levels.

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Markets Sensex Nifty | stock market trading | Indian stock markets

Puneet Wadhwa & Avdhut Bagkar  |  New Delhi / Mumbai 

Traders staring at BSE building.
Until the S&P BSE Sensex and Nifty50 do not break 57,000 and 17,000 levels on good volume the bullish undertone remains intact

Indian frontline benchmarks – the S&P BSE Sensex and the Nifty50 – have rallied around 12 per cent each since June-end and outperformed their global peers by a wide margin. On Thursday, the US Fed hiked interest rates by another 75 basis points (bps) – the third such hike this year – and surprised the by projecting further sizable hikes in the coming months.

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First Published: Thu, September 22 2022. 11:15 IST
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