Indian benchmark indices opened higher as falling crude oil prices boosted investor sentiment. Sensex climbed over 549 points and Nifty gained 160 points, with all sectoral indices advancing. IT, financial services and FMCG stocks led gains amid easing global oil prices
Domestic gold and silver prices are expected to remain moderately bullish in FY27, supported by geopolitical tensions, safe-haven demand, and central bank purchases. Elevated interest rates and currency volatility may limit gains, while silver benefits from industrial demand and supply deficits
The country's largest two-wheeler maker, which had crossed the 100 million cumulative production mark in January this year, is now set for the next phase of its expansion and growth.
Jhunjunwala, who is reported to be the largest individual investor in the domestic markets, also said the level of taxation on the equity markets is "reasonable" given the socio-economic conditions in the country.
PowerGrid was the top laggard in the Sensex pack, shedding over 2 per cent, followed by Axis Bank, ICICI Bank, HDFC duo, Asian Paints and Bharti Airtel.
