The Indian stock market saw significant changes overnight ahead of Budget 2024, which led to a surge in US stocks. Here are the 6 key things that happened:
1. The Nifty touched a new high, giving a boost to investors’ confidence.
2. Foreign institutional investors pumped in a large amount of money into Indian stocks.
3. The rupee strengthened against the US dollar, making exports more competitive.
4. The government announced new policies to attract foreign investments.
5. The banking sector saw a positive trend, with many top banks reporting strong earnings.
6. Overall, the market sentiment was bullish, leading to a rally in US stocks as well.
These changes indicate a positive outlook for the Indian stock market, with investors eagerly awaiting the upcoming Budget for further cues.