Live: Can something clever this week be more expensive for the seventh day in a row? Infosys in Focus | Open the Bell
Nifty extended his winning streak to his seventh straight session, flat since August 21st, surpassing the 25,000 mark and above the 25,000 mark. Meanwhile, even if the broader markets were following the benchmarks, oil and gas, the media and PSU banks were ahead. Globally, investors were keeping an eye on the US. In the US, retail inflation rate reached 2.9% in August, in line with estimates. This morning there were strong global clues. The Asia-Pacific market tracked Wall Street profits as US CPI increased its MOM of 0.4% in August, increasing its estimate of 0.3%, but the previous year's CPI was 2.9% in line with forecasts. US Weekly Jobless claims have reached its highest level since October 2021, up 27,000, and Futures Markets priced its Fed rate cut of 25 bps before last week's meeting. Wall Street ended at a record high, with the Dow skyrocketing 600 points, with all major indexes rising 1.6% this week. Catch Lovisha Darad in a conversation with co-founder Neotrader & Trading Influser and Ajay Bagga (Market Expert) Raja Venkatraman.
