MUMBAI, May 8: Indian equity markets closed higher after gains in banking and information technology stocks boosted investor confidence.
Market analysts said positive global trends and strong quarterly earnings from major companies supported the rally despite concerns over inflation and geopolitical tensions.
The benchmark indices recorded steady buying activity throughout the trading session, with foreign institutional investors also increasing participation.
Experts believe expectations of stable economic growth and continued infrastructure spending are supporting market optimism.
Meanwhile, investors remained cautious about global oil prices and international trade uncertainties that could influence market volatility in coming weeks.
Financial advisers recommended diversified investment strategies as markets continue reacting to domestic and international developments.