Nitin Bhasin, Head, Institutional Equities, Ambit (Source: Nitin Bhasin/LinkedIn) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Ambit Pvt. Ltd.'s Head of Institutional Equities Nitin Bhasin explained why markets are rallying in Wednesday's session. He attributed the recent momentum to several factors, including robust second-quarter results, possi trade deal with US, and urban consumption recovery.

The NSE Nifty 50 and BSE Sensex have extended gains to a third session. The indices have risen 0.93%, each so far today. The Nifty 50 posted the best intraday gain since Oct 16, while the Sensex recorded best gains since Oct 29.

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