The Dow Jones Industrial Average shot above 40,000 for the first time as the bull market marched higher on bets that inflationary pressures would ease and interest rates would come down
While the Indian markets seem to be recovering from their jitteriness, a quick reminder that world markets are still strong, close to record highs, ahead of US inflation data, among other factors
Stock Prices rose on Thursday, amidst a global equity surge after the Federal Reserve maintained its projection of three interest rate cuts this year, despite higher inflation in the United States
The markets are likely to respond to a combination of factors including of course the stress in the middle segment comprising small caps and mid caps, which is currently negative.
While early adopters are known to have repaired EV batteries at third-party workshops for a fraction of the cost, new users may find it harder to do so.
While India has jumped on the EV bandwagon, with more Indians buying electric cars, the after-sales service is a recurring concern for potential EV buyers.
The Nifty50 closed at a record closing high of 22,197, up 75 points. The Nifty50 had touched these levels earlier but had receded though it hit a record high of 22,216 in intraday trade.
MSCI added five Indian stocks to its Global Standard index and did not move any out. In contrast, the index provider removed 66 Chinese stocks while adding five, Reuters reported