Nifty’s 24,000 Battle Could Show Whether India’s Risk Appetite Is Really Returning
- Nifty is set for a stronger opening above 24,000, but sustaining gains remains the main test.
- Easing Fed rate hike expectations and Wall Street’s rally could support Indian equities.
- Strength across Nifty, BTC and the rupee potentially confirms a broader risk-on shift.
India’s stock market could get a boost from Wall Street’s latest rally. With GIFT Nifty already trading above the 24,000 mark, Nifty 50 is expected to open higher on Friday. While the hopes of a recovery in Indian equities continue to rise amid easing fears of the Federal Reserve’s interest rate hikes, it is still uncertain how long the index can hold these gains.
Why the Fed Suddenly Matters for Nifty
Although the Federal Reserve’s decisions are largely driven by developments in the US economy, the Fed can also have a significant impact on Indian markets. Especially when the US central …
Read The Full Article Nifty’s 24,000 Battle Could Show Whether India’s Risk Appetite Is Really Returning On Coin Edition.
This content is automatically aggregated. Full credit goes to the original publisher (coinedition.com).
