Wall Street’s main indexes closed higher on Tuesday, led by gains in megacap and growth stocks, marking the start of the Santa Claus rally. All 11 sectors in the S&P 500 ended positively, with technology and consumer discretionary stocks leading the way. Broadcom and Nvidia also saw gains.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction