After a decline of 15% since October 1, Nifty gained 1.15% on Wednesday. The Nifty Midcap 150 and Nifty Smallcap 250 indices gained 2.43% and 2.71% respectively on Wednesday. Both indices plunged 20% and 25%, respectively, since October 1 through Tuesday.
Global Market: US weekly jobless claims drop more than expected
US unemployment claims saw a sharper-than-expected drop last week, signaling continued labor market strength. Despite this positive sign, a rise in continuing claims suggests employers