Branch² Intelligence
From Gift Nifty, US inflation, IBM shares to Kospi’s rally: 8 key things that changed for Indian stock market overnight
Key takeaway
Gift Nifty mildly positive at 24,049, indicating a positive start for Indian equities.
- Step 1US CPI softens, easing Fed rate hike fears.
- Step 2Global risk appetite improves, lifting Asian equities including India.
- Step 3Indian IT SMEs with USD revenue benefit from stable INR and demand; domestic SMEs see stable borrowing costs.
Source: IN:Mint
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