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Peter Cardillo from Spartan Capital Securities suggests market optimism stems from easing geopolitical tensions, declining oil prices, and stable bond yields despite the Federal Reserve's firm monetary policy. Anticipation of positive earnings season and favorable PCE inflation data further fuel expectations of an early summer rally. While a July rate cut is unlikely, September remains a possibility.
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A total of 9,324,930.29 will be available to support residents facing financial hardship.
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Indian market anticipates a positive trading session on Thursday, mirroring global trends. Nifty closed with gains, and India VIX decreased. Option data suggests a trading range between 24,700 and 25,700. Experts recommend buying Mphasis, M&M, Titan Company, CESC, BHEL, HDFC AMC and NYKAA. These recommendations are for traders with a short-term horizon.
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