Indian stock markets reached 13-month highs on Wednesday, fueled by optimism surrounding a potential US-India trade deal and anticipation of a US Federal Reserve interest rate cut. Both Nifty and Sensex saw significant gains, with analysts predicting further all-time highs driven by strong performance in IT, BFSI, and Oil and Gas sectors.
The Senate passed legislation Wednesday that would nullify U.S. tariffs on Canada, just as President Donald Trump is engaged in trade talks in Asia as well as an increasingly bitter trade spat with U.S.s northern neighbor that is one of its largest economic partners.
Earnings reports from Meta, Alphabet and Microsoft reaffirm that giants are ramping up their spending on artificial intelligence, as they rush to reap the benefits of an AI boom.
