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Indian stock markets saw a rise on Thursday, snapping a losing streak. This followed a US Federal Reserve interest rate cut. However, ongoing trade deal negotiations between the US and India are expected to influence market sentiment in the coming weeks. Analysts anticipate the Nifty to trade within a defined range. Foreign investors continue to sell shares.
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ICICI Prudential AMC raised ₹3,022 crore from 148 anchor investors, including top global funds, domestic insurers, pensions and mutual funds, signalling strong institutional confidence ahead of its ₹10,600 crore IPO opening on December 12.
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Indian markets reversed a three-day losing streak as Sensex and Nifty rose on Fed’s 25-bps rate cut, boosted by easing US yields, strong auto and IT buying, and broad-based domestic gains despite a weaker rupee and global volatility.
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The S&P 500 and the Nasdaq opened lower on Thursday as fresh worries over Oracle’s hefty AI spending plans overshadow optimism over a less hawkish tone from the Federal Reserve.
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J.P. Morgan said on Thursday that it issued a U.S. commercial paper for Galaxy Digital Holdings on the Solana blockchain, marking an important step in the broader institutional adoption of digital assets.
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