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Context
What happened: Indian equities extended a recovery on firmer global markets, positive business updates from select financial companies, and positioning ahead of the RBI policy decision.
Why it matters: Parekh said the market bias has improved after two sessions of pullback rallies, but a decisive breach above 23,000 is needed for conviction on further upside. Crude near $100 continues to complicate India's inflation and currency outlook and could influence RBI guidance.