The dollar surged to a 40-year high against the yen, fueled by rising U.S. Treasury yields and anticipation of a Federal Reserve rate hike. Traders are closely watching upcoming U.S. jobs data, with expectations of further Fed tightening increasing significantly. Japanese authorities are considering intervention to support the yen, especially with a U.S. holiday approaching, which could reduce market liquidity and amplify any action.
Why did market rise today? Sensex soars 890 pts, Nifty closes above 24,250; 4 factors behind Rs 4 lakh cr gains on D-Street
Indian stock markets experienced a significant surge on Wednesday. Benchmark indices Sensex and Nifty both rose over one percent. This occurred despite a sharp increase
July 29, 2026