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After a 14-month period of underperformance compared to global peers, India's Nifty index has reached a new all-time high. During this time, silver and gold emerged as top-performing assets, while specific Indian sectoral indices like Capital Markets, PSU Bank, and Defence also saw significant gains.
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Indian stock markets reached new heights on Thursday, with the Sensex and Nifty crossing previous records. This surge follows a 14-month period of consolidation. Investors are now looking towards a potential US-India trade deal and a decrease in foreign investor selling to fuel further market gains. Analysts suggest focusing on large-cap stocks for potential upside.
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Asian stocks showed signs of losing momentum Friday, with indexes opening lower in South Korea and Japan, while global equities remained flat. Investors are closely watching Chinese stocks after JPMorgan upgraded its recommendation, and are also focused on the yen's stability amid steady Tokyo inflation and potential Bank of Japan rate hikes.
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