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AI darling Nvidia on Wednesday surprised Wall Street with accelerating growth after several quarters of slowing sales and a fourth-quarter forecast that exceeded expectations
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Wall Street’s main indexes jumped at the open on Thursday as technology stocks received a boost after Nvidia’s stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy.
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Sensex rallied sharply with multiple large-cap stocks hitting 52-week highs, signalling strong bullish momentum. Financials, autos and telecom led the uptrend, with traders viewing the breakout as a sign of continued near-term strength across market leaders
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Gold and silver prices saw a slight dip on Thursday, November 20. Hopes for a US interest rate cut are diminishing, impacting precious metal sentiment. The US Fed Minutes revealed a divided stance among officials. Traders now see a lower chance of a rate cut next month. MCX gold futures declined, while silver futures gained.
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Traders are now looking for clearer signals on the RBI’s easing path, with a convergence between one- and two-year OIS rates pointing to expectations of a single rate cut followed by a long pause
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