New Delhi, July 3 -- The Indian stock market staged a recovery in the month of June as decline in geopolitical risks following the de-escalation of tensions in West Asia, coupled with a sharp correction in crude oil prices, encouraged investors to gradually rebuild equity exposure.

The Nifty 50 index gained marginally by 1.35%, and the Nifty 500 and Nifty Midcap 100 indices rose by 1.5% and 0.12%, respectively, in June. However, the Nifty Smallcap 250 rallied over 4% and Nifty Microcap 250 jumped more than 6% last month, outperforming the frontline indices, supported by strong domestic liquidity.

Axis Securities believes the Indian economy remains well-positioned for sustained growth, acting as a relative safe haven amid global economic...