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Nervousness on Dalal Street as Nifty bulls debate 'Sell in May and go away'. Positive April returns trigger unease. US Fed meeting hints at rate cut projection. Analysts advise capitalizing on Nifty dips for buying opportunities.
Tesla shares surged 15.3%, after the electric vehicle maker made progress in securing regulatory approval to launch its advanced driver-assistance program in China, its second-largest market after the U.S.
The report said that in China and India, public investment made a significant contribution supporting growth. "In emerging markets, growth was supported primarily by strong private demand. In China and, especially, India, public investment made an important contribution," it said.
Bloomberg Economics’ Fed sentiment index — powered by a natural language processing algorithm based on more than 60,000 Fed headlines — shows that in December, Powell delivered a major pivot. By hinting at a swifter shift toward rate cuts, he gave markets a boost and helped the economy dodge a downturn.