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Indian equity benchmarks extended gains from last week to end more than 1% higher on Monday, as oil prices declined on hopes of progress in Russia-Ukraine peace talks, with investors eyeing the country’s retail inflation data due later in the day.

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Dear Trader… Indian equity benchmarks extended their gains to the fifth consecutive session and ended with gains of over one and half percent on Monday, led by gains in Banking, IT, TECK and Finance shares, shrugging off weakness across most global markets. The start of the day was positive, aided by Chief Economic Advisor (CEA) V Anantha Nageswaran’s statement that prudent budget assumptions for FY23 will ensure that the macro-fundamentals

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Nikhil Bhatt is a SEBI registered individual Research Analyst under the SEBI (Research Analysts) Regulations, 2014 is an entrepreneur, global thought leader with a sound understanding trend of BSE, NSE, financial industry segments and investment trends. According to Nikhil Bhatt, “Our mission is to spread financial awareness and improve financial literacy in a concise, simple and easy-to-understand manner. Backed by scientific research, ethical principles and reliable data, our publications benefit and guide the Indian financial / non financial community like merchants, managers, investors, traders and readers. We seek to make investment decisions more objective and mature”.