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On Wednesday, Wall Street's main indexes fluctuated as investors awaited Nvidia's quarterly results and the Federal Reserve's policy meeting minutes. Nvidia's performance is crucial, having seen a dramatic surge in share value this year. Meanwhile, the market remains cautious about potential rate cuts and economic growth signals.
The fund managers are not impressed.
Domestic benchmark equity indices advanced on Thursday, led by heavyweight banking and IT stocks. Nifty formed a small Hanging Man pattern on the daily chart. Tata Motors, HDFC Bank, RIL, M&M, SBI, ICICI Bank and Bharti Airtel were among the most active stocks.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.