Indian stock markets look cheaper than those in the US based on a key valuation measure. Despite being above historical averages, Indian markets are considered fairly valued. This is due to strong earnings growth and positive economic outlook. Bond yields have also fallen, supporting this view. Higher market valuations are expected in the coming quarters.
US stocks today: US stocks end modestly higher as AI zeal overcomes Middle East jitters
US stocks ended mixed as AI-driven optimism supported markets but was offset by rising geopolitical tensions and oil prices. Small-cap and semiconductor stocks gained, while