The rally in the global markets was triggered by an unexpected slowdown in the US Manufacturing PMI, which gave hope that the US Fed would slow the pace of policy tightening. Following suit, US bond yields fell in tandem with the US dollar.
India’s favourite retail stock to announce March qtr results today with bonus issue
Trent Ltd, a high-valuation Indian retailer, is poised to announce March quarter earnings, with investors keenly observing growth sustainability and profit margins. Despite aggressive store