Friday brought significant gains to the Indian stock market, echoing the record-breaking performance of major U.S. stock indexes. The catalyst? Lower-than-expected inflation data that sparked fresh hopes for interest rate reductions by the Federal Reserve. Companies like Ford released impressive earnings, further igniting the market rally.
F&O Talk: Nifty charts suggest further consolidation; Sudeep Shah’s strategy on Cohance, HEG and 4 more stocks
Indian markets corrected amid volatility, with Nifty entering a consolidation phase after a sharp April rally. Technical indicators suggest a range-bound trend with key support