Despite recession fears, Indian markets rebounded strongly, with the Nifty and Sensex closing near weekly highs. Realty, banking, and financials led the gains, supported by bullish technical indicators. Analyst Sudeep Shah anticipates further upside for Nifty and Bank Nifty, driven by positive FII activity and strong sectoral performance in private and PSU banks.
US dollar makes weekly gains on renewed trade deal optimism
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.