Nifty, Sensex jumped nearly 1 percent from day s lows to trade firmly in the green. Traders are advised to consider buying opportunities during any downward movements in the market, said analysts.
All NSE sectoral indices were trading higher except Nifty FMCG which was dragged by Tata Consumer Products. Nifty media led the gains, rising over 1 percent.
The earnings season begins this week, with the focus on the IT majors. The performance of the US market and DII activity will also be in tracked, say analysts
Given the shortened trading week, coupled with the monthly derivatives expiry and upcoming global economic data, analyst advised investors to adopt a cautious wait-and-watch stance in the near term.