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Indian markets saw significant gains on Tuesday, with the Nifty and Sensex rising over 0.9% and 1% respectively. This surge was driven by traders cutting bearish bets ahead of US-Iran peace talks and a moderation in foreign institutional selling. Technical indicators suggest a bullish outlook, with the Nifty potentially moving towards 24,800-25,000.
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Kevin Warsh, Donald Trump’s choice to lead the US Federal Reserve, vowed Tuesday to protect central bank independence at his confirmation hearing, despite intense pressure from the president..
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US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate earnings and strong retail sales figures. Investors are closely watching developments in Iran. The market sentiment remains cautious amid geopolitical uncertainties.
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As India’s ⁠largest bourse, the NSE is also the country’s largest unlisted company, with 190,000 investors.
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