#IndianStocks #MarketTrends #GlobalCues #LaborMarketData #US #FederalReserve #InterestRateCuts #FinanceNews
Indian shares recorded significant gains in Friday’s trading session, overcoming uninspiring cues from global markets. Investors were nonchalant to the unexciting global cues, as internal factors took the center stage in shaping market dynamics. This positive market reaction may have been attributable to the robust labour market data from the US. The steadfast numbers on the employment front dampened speculations about numerous interest rate reductions by the Federal Reserve in the current fiscal year.
Therefore, it’s clear that the movement in Indian shares does not solely rely on the known global market sentiments, but also takes note of international macroeconomic developments. The market’s response to the US labor market data reiterates the integral role global factors can play in shaping local market trends. This also indicates that traders were betting low on high frequency of interest rate cuts by the Federal Reserve, a factor that tends to influence the flow of foreign institutional investments.
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