Can Nifty clear 24,350 hurdle today? Global stocks gain on US rate cut bets | News on Markets
Trading guide for Friday, August 16, 2024: Benchmark equity indices are likely to start Friday’s trading session on an optimistic note mimicking solid gains in global markets.
At 07:00 AM, GIFT Nifty futures quoted around 24,325 levels – hinting at a likely 150-point opening gap on the NSE Nifty 50 index today.
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Global stocks rally as hopes of US rate cut rise
Overnight in the US, stocks rallied sharply after bets on US rate cut in September rose on further positive economic data. Day after the Consumer Price Index posted its lowest year-over-year increase in 3 years, retail sales superseded Wall Street expectations with 1 per cent growth in July as against an…
