I feel that what happened in the budget also, so that will also help the auto companies going ahead. So, there is fear that duty cut will happen, there will be competition coming in from outside India, that may happen.
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
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