Indian Markets Cautiously Optimistic After IT and Auto Stock Gains, But Volatility Expected Amid Global Uncertainty
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Nifty 50 and Sensex opened Friday with cautious optimism after solid gains on Thursday led by IT and auto stocks.Indices positive but capped amid mixed Asian trading.
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Thursday's turnaround was led by rebounds in IT and automobile sectors. Risk rally in global stocks on tech boost also aided Indian indices.
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India PMI data mixed - manufacturing dropped while services rose. RBI minutes leaned hawkish, warned against assuming inflation fight is over.
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US stocks rallied Thursday on AI optimism wave after strong Nvidia earnings. Fed minutes underscored commitment to taming inflation.
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Markets eyeing Fed's Monetary Policy Report, Fedspeak for guidance. Nifty outlook positive but volatility ahead amid global uncertainty.