Key Points
Domestic equities surged to record highs on Wednesday, boosted by optimism over the country's macroeconomic fundamentals and firm global market trends...
"While the derivatives monthly expiry on Thursday may infuse some volatility, the undertone remains bullish with the market making steady gains in the last few weeks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal...
US stocks closed slightly higher in languid trading on Wednesday, with little market-moving news to fuel conviction as the S&P 500 hovered just below bull market confirmation...
The dollar nursed steep losses on Thursday and was headed for a yearly decline after two years of strong gains as expectations of interest rate cuts from the Federal Reserve next year grip markets...
The rupee declined 15 paise to settle at 83.34 against the US dollar on Wednesday due to sustained outflow of foreign funds and increased demand for American currency from importers and banks...
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