The indices had rallied up to 1.5 per cent intra-day. However, January 2025 is shaping up to be the worst month on record for stock corrections, with 2,461 companies listed on the BSE seeing a drop in value, so far.
The tech rebound boosted Wall Street's main stock indices, with Nasdaq adding about 2 per cent and chip giant Nvidia up 9 per cent.
During a separate telephonic conversation, Trump urged PM Narendra Modi to boost India’s procurement of American security equipment to foster a “fair” bilateral trade relationship. That apart, Pranjul Bhandari, chief India and Indonesia economist and managing director (global research), HSBC, writes that with India’s 2025-26 (FY26) Budget to be presented on February 1, followed closely by the Reserve Bank of India’s policy meeting on February 7, policymakers are facing a particularly complex environment.
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