Midcaps take the lead as Nifty nears record high; Rahul Sharma sees sector rotation ahead

Midcaps take the lead as Nifty nears record high; Rahul Sharma sees sector rotation ahead

After nearly a year, the Nifty has convincingly crossed the 26,000 mark, hovering close to record highs. Market sentiment remains buoyant, but traders are already eyeing the next trigger — a potential US trade deal. “Basically, probably we are just one day away from the previous all-time high, may happen anytime soon,” said Rahul Sharma … Read more

US dollar makes weekly gains on renewed trade deal optimism

US dollar makes weekly gains on renewed trade deal optimism

The dollar was on track for a weekly gain against major currencies, including the Swiss franc, yen and euro on Friday, after a U.S.-UK trade deal increased optimism about upcoming U.S.-China talks. Financial markets headed into the weekend with the focus squarely on trade negotiations between Washington and Beijing due to begin on Saturday in … Read more