BSE 500 Index has crossed its 50-day moving average after more than two months, as fresh investments from foreign investors boost market sentiment. Their return has pushed stock prices higher.
But this sharp rise also brings a warning sign—stocks are nearing overbought levels, which could lead to a pullback. With the earnings season around the corner, investors will be watching closely to see if companies’ financial results justify the market’s recent gains.
Be First to Comment