India’s small-cap stocks experienced their strongest monthly rally in at least a decade during April, recovering significantly after a sharp March sell-off. Local investors actively bought beaten-down stocks, with the Nifty Smallcap 250 index jumping 17.1%. This surge followed a period where many small-cap stocks had declined, attracting interest in quality businesses with strong growth prospects.
Fed officials give hints on rate decision as markets cut October rate hike odds
Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,