27
Oct
GIFT Nifty signalled a positive opening for Indian benchmarks Nifty 50 and Sensex on October 27, suggesting a strong start to the week. Optimism stemmed from easing US-China trade tensions and expectations of a Federal Reserve rate cut following softer inflation data, which fuelled a rally in global equities. At 7:40 a.m., the GIFT Nifty traded at 25,910—up 45 points or 0.2%. On Friday, all three major US indices closed at record highs, supported by lower inflation and solid corporate earnings. The S&P 500 and Nasdaq posted their biggest weekly gains since August, while the Dow saw its largest rise…
