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Asian stocks fell mirroring Wall Street’s sharp reversal, as a brief Nvidia-led rally faded amid concerns over stretched valuations and AI investment profitability. Lingering uncertainty about the Federal Reserve’s interest rate path also contributed to investor caution, prompting a pullback from riskier assets.
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Indian stock markets surged on Thursday, approaching record highs. Investor confidence grew as the government signaled progress on a trade pact with the US. The Nifty index briefly surpassed its all-time closing high. Key companies like Eicher Motors and Reliance Industries saw significant gains. Foreign and domestic investors showed strong buying interest. Asian markets also experienced mixed movements.
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