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 and resistance levels in focus. Weakness in banking stocks persists, while smallcaps continue to outperform, offering selective opportunities for investors in the near term.
Fed’s Beth Hammack and Thomas Barkin favour gradual rate hikes as inflation stays high
Two officials from the Federal Reserve have supported modest and steady interest rate increases to combat high inflation. They believe these adjustments should minimize disruptions