Indian stock markets reached 13-month highs on Wednesday, fueled by optimism surrounding a potential US-India trade deal and anticipation of a US Federal Reserve interest rate cut. Both Nifty and Sensex saw significant gains, with analysts predicting further all-time highs driven by strong performance in IT, BFSI, and Oil and Gas sectors.
US stocks rebound on AI optimism revival; Dow rises 387 pts, Nasdaq, S&P 1%
Wall Street surged Monday, led by AI-related stocks like Meta and Nvidia, as Meta announced significant layoffs and Nvidia unveiled new components. Oil prices dipped