Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to find support and bounce back. Largecap stocks are preferred for stability. L&T is highlighted as a top pick with potential for significant gains. Investors can look for buying opportunities in the current dip.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.