Equity indices continue to increase; the Sensex is up over 400 points.

The domestic equity benchmark indices climbed dramatically in the morning session on Friday, outperforming the previous session by around one percent . Prime Minister Narendra Modi has asked exporters and industry stakeholders to set long-term export targets and suggest ways to achieve them .

New Delhi, India, June 24: The domestic equity benchmark indices climbed dramatically in the morning session on Friday, outperforming the previous session by around one percent, with strong buying support in automotive and IT stocks likely to start today.According to a private study published by Hem Securities, the Indian economy will grow by 7-7.8 percent this year on the back of increased agricultural production and a revitalized rural economy, despite global challenges mainly due to the continuing Russia-Ukraine conflict.Traders should take note that Prime Minister Narendra Modi has asked exporters and industry stakeholders to set long-term export targets and suggest ways to achieve them, according to National Stock Exchange data.Indusind Bank, Eicher Motors, Britannia, Humanstan Unilever, and Bharti Airtel were the top five gainers among the Nifty 50 stocks, with Asian Paints, Tech Mahindra, Infosys, HCL Technologies, and BPCL as the top Leading indicators such as PMI and retail sales in Europe and the United States indicate a slowdown.In this recession, the majority of central banks of the world are raising rates.

Since the market is aware of this, equities are in oversold territory, sparking short-term uptrends, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.The whipsaw movement in Nifty yesterday reflecteth this desperation, confusion, and lack of direction, he said.