GIFT Nifty jumps 1.2%, surprise US inflation cool off lifts S&P 500, Nasdaq 2%
An unexpected slowdown in inflation fueled speculations about a shift in the Federal Reserve's strategy. As a results, US' S&P 500 and Nasdaq Composite indices gained up to 2%, while GIFT Nifty on NSE IFSC jumped 1.2%.
Source: moneycontrol.com