Easing Geopolitical Concerns Fuel Broad-Based Market Rally, Says Ankur Punj    

By Ankur Punj, MD & Business Head at Equirus Wealth

While there is no clarity on a peace deal between the US and Iran, local benchmark indices retreated sharply as a renewed upsurge in crude oil prices and a sharp fall in the domestic currency fuelled fresh selling across all sectors. Also, the prediction of a weak monsoon season ahead and its impact on inflation is making investors jittery about taking equity market bets.