Indian equity markets continued their upward trend, gaining 0.5%, although trading remained within the previous day's range and below the 100-day exponential moving average of 24,475.
The rally on October 29 was primarily driven by banking stocks, but experts caution that a decisive close above the crucial level of 24,500 is necessary for further upward momentum.
Investors should keep an eye on key stocks such as Marico and Torrent Pharma, as they may present opportunities in the current market environment. Additionally, L&T and Dabur are set to report their Q2 earnings today, which could influence market sentiment. Market analysts are closely monitoring these developments as they unfold.