Europe close: Stocks slump again
European equities slumped further into the red on Friday, continuing a miserable week, with French and Italian stocks weaker , again on worries over upcoming snap elections in France and the implications for government debt burdens.
Indian Market Outlook
In India, market sentiment is closely related to the US Federal Reserve's decisions because of interest rates. Investors are also watching domestic policy decisions as PM Modi begins his third term. Sectors such as FMCG and consumption are expected to benefit from increased government expenditure aimed at boosting rural development
US Market Trends
Wall Street has shown mixed reactions recently. Stronger-than-expected jobs data from May has led to concerns that the Federal Reserve might delay reducing interest rates. Despite early dips, the S&P 500 and Nasdaq are on track for a winning week
India Stock Market
Indian stock markets have shown a strong recovery, with the Sensex over 2,300 points and the Nifty hanging around 22,600, anticipated to drive ongoing economic reforms under Prime Minister Modi's third term. IndusInd Bank, M&M, Tata Steel, and HDFC Bank, are some of the major gainers.