Japanese equities showed resilience while other Asian markets opened lower as investors awaited comments from Jerome Powell. US stocks experienced a selloff, with significant drops in Nvidia and Intel. Rising inflation in Japan exceeded forecasts, and the yen strengthened. Investors are closely monitoring potential economic policy changes and their impacts.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings