Indian Equities Rise: Nifty 50 and Sensex Climb on IT Sector Rally; Market Opens to Stock Picks

Overview

Indian benchmark indices, Nifty 50 and Sensex, closed higher driven by a strong IT sector rebound, despite mixed global sentiment and cautious market breadth with profit booking in mid/small caps. MarketSmith India recommended buying Azad Engineering and Cigniti Technologies, citing growth prospects and technical strengths, with specific buy, target, and stop-loss levels provided.