Indian stock indices are making gains, buoyed by positive trends observed in foreign markets. Sensex and Nifty stocks rose by 0.2-0.3%, reflecting indications that the US may not experience a recession, which markets had already discounted last year. This bullish trend is partly driven by strong fundamentals, with a firm GDP outlook and moderate inflation noted in the Indian market. The slow progress of the monsoon is a concern for financial markets, although foreign investors are still showing interest, with the domestic stock indices near all-time highs. Meanwhile, Modi’s US visit has revived interest in defence stocks in India, as collaboration between the two countries could boost indigenous manufacturing.
Indian Stock Market Indexes Continue to Rise on Strong Global Cues
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