Indian benchmark indices are in a cautious phase, with technical signals gaining prominence. Market expert Ajit Nayak suggests a potential upside despite near-term uncertainty, citing a ‘liquidity sweep’ pattern. He advises watching key levels for Nifty and India VIX, recommending a hedged approach with specific stock picks.
Inflation concerns prevailed in Kevin Warsh’s first FOMC meeting: Fed minutes
During its June meeting, the Federal Reserve decided to keep interest rates unchanged. Committee members expressed concerns about rising inflation and ongoing supply chain disruptions.