Market move▲ Bullish for Indian equities
Nifty rose 0.6%, ending an eight-week losing streak
The brief
- The Nifty rose 0.6%, breaking an eight-week streak of losses
- GIFT Nifty signalled a positive start for Indian equities
- A rebound would support sentiment across Indian equities, especially stocks hit by the prolonged decline
- Wall Street banks launch record $60bn chip deal for Broadcom and Anthropic
- FPIs sell ₹35,860 crore of Indian shares in September; outflows continue in October
- Euro zone business growth hits over 3-1/2-year high despite inflation worries, PMI shows
- Euro nears 17-month low as political and fiscal concerns rattle Spain and France
- The euro has a France problem