Sensex, Nifty 50 gain momentum amid weakening US dollar and falling crude prices
Indian stock markets are rallying due to a weakening US dollar and lower crude oil prices. The Sensex has risen nearly 1,000 points, while the BSE Smallcap index has surged 5.6% in three days. Analysts expect continued momentum, citing improved GDP growth and earnings recovery. However, global uncertainties and potential volatility remain concerns.
Indian stock markets are rallying due to a weakening US dollar and lower crude oil prices. The Sensex has risen nearly 1,000 points, while the BSE Smallcap index has surged 5.6% in three days. Analysts expect continued momentum, citing improved GDP growth and earnings recovery. However, global uncertainties and potential volatility remain concerns.
