Market participants agreed that easing geopolitical risk is positive, but remain divided on whether India can outperform in the near term.
The Sensex rose 1.7% for the week, while the Nifty gained 1.1%. Most of the gains came on Friday, when the Nifty jumped 2% to close at 23,622.90 and the Sensex 2.3% to 75,527.94, the highest close for both since 8 April. On that day, Indian equities had rallied nearly 4%, cheered by a US-Iran ceasefire announcement.
