Bitcoin surged to one-month highs following the Federal Reserve’s significant rate cut, while the yen and other major currencies remained stagnant. The Bank of Japan kept interest rates unchanged, affecting the yen’s recent gains. U.S. Treasury yields steepened, and economists predict further Fed rate cuts this year.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and