Nifty 50 rallies, remains below high
This is a India news story, published by CNBC, that relates primarily to Narendra Modi news.
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CNBC's Inside India newsletter: Have India stocks bottomed?
88% Informative
India 's Nifty 50 index has rallied 10% since bottoming out on April 7 .
The index remains more than 7% below its all-time high reached on September 26 .
A key factor underpinning the market's resilience over the past two weeks has been the unwavering support from domestic investors.
Analysts also pointed to profitability "bottoming out" for companies in certain sectors with "fewer EPS downgrades" expected.
Indian Prime Minister Narendra Modi met U.S. Vice President JD Vance on Monday .
Both leaders expressed "significant progress" in discussions on bilateral trade and cooperation in areas such as energy and defense.
Tesla is preparing to enter the Indian market.
Indian stocks have continued their run up this week .
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