Market expert Vikas Khemani anticipates a consolidation phase for Indian equities rather than a sharp breakout, citing persistent global macro uncertainty and sticky energy prices. While corporate earnings have held steady, the full impact of global disruptions is yet to be felt, suggesting a prolonged drag rather than a major fall.
US stocks today: Dow hits record high as Middle East hopes lift sentiment and Warsh takes Fed charge
US stocks rose as Dow hit an intraday record and S&P 500 extended its winning streak to eight weeks, supported by strong earnings and hopes