Indian Equities Surge on Fed Rate Cut Hopes
Indian equities surged over 1% this week, fueled by global market gains and expectations of a Federal Reserve rate cut. The Sensex and Nifty neared record highs, closing at 85,609 and 26,205, respectively. Analysts predict this momentum could push indices to 26,500-26,700, attracting foreign inflows into Indian equities. The bullish sentiment is palpable.