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Indian markets consolidate near record highs, best month since March
Indian equities steady near record highs; best month since March driven by earnings, inflows, and macro stability despite global headwinds.
Indian equity indices opened steady on Friday, consolidating near record highs while heading for their best monthly performance since March. Strong corporate earnings, healthy foreign inflows, and domestic macro stability have fueled optimism. The Nifty 50 and Sensex remain resilient despite global headwinds. Analysts note that valuations are stretched but sentiment is supported by consistent earnings momentum and sector rotation. Market participants expect selective profit-taking ahead of next week’s policy data and major results.