Sumary of ETMarkets Morning Podcast: Chris Wood’s India’s outlook, CCD default & FPIs’ new love:
- Dalal Street looked looked set for a negative start this morning, as Nifty futures on Singapore Exchange fell some 50 points, changing direction after quoting marginally higher, while stocks in other Asian markets wavered..
- Stocks on Wall Street rallied overnight after Fed Chairman Jerome Powell assurance that the central bank can reinvigorate the economy without stoking painful inflation..
- US Federal Reserve Chairman Jerome Powell signaled on Thursday that the US central bank was nowhere near reducing its support for the US economy..
- Shares of Tata group firm hit record highs on Thursday after nearly 14 years, extending the recent bullish momentum driven by a resurgence in global metal prices….