This is something we, too, highlighted as one of the key triggers in our last weekly update and as well at the start of the month in our monthly market review. After failing to secure a majority in the Lok Sabha election, the resurgence in the performance of the BJP in assembly election has helped mitigate investor concerns about the government's policy and development agenda. The rally gained further momentum due to a global market uptrend, driven by robust US economic data, MSCI rebalance flows, hopes for upcoming interest rate cuts by the Fed, and the appointment of Scott Bessent as the new US Treasury Secretary. Scott's selection was viewed as a reassuring development for the stability of both the US economy and its financial markets.
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Esta historia es de la edición November 30, 2024 de The Free Press Journal.
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