From Hindustan Times:

In Asian markets, stocks rose after comments by Federal Reserve Chairman Powell hinted at possible interest rate cuts. Japan, Australia, and China saw gains, while the Hang Seng Index wavered. Powell mentioned no urgency in rate cuts for the US economy but stated it would likely happen this year. Elsewhere, Bitcoin traded at $66,000. Oil prices remained stable after a previous increase. In India, the Gift Nifty traded ahead, indicating the continuation of a bull run. Global markets reacted positively to Powell’s comments, with US stocks closing higher and European stocks reaching record highs.

Vacillating between session highs, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite closed with modest gains after Powell’s comments on potential rate cuts. European stocks also hit record highs while global stocks showed gains. Bitcoin resumed its climb after briefly touching an all-time high. The cryptocurrency was up to $66,884. Market participants are watching closely for potential rate cuts and policy decisions as markets continue to react to Powell’s statements.



Read more at Hindustan Times: Sensex Today | Share Market Live Updates : Global cues, Gift Nifty firm up, indicating the bull run to continue today