Sensex, Nifty Eye Robust Start, Will Markets Continue Making New Highs Or Correction? | Market Cafe

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Sensex and Nifty anticipate a strong start, but will the markets continue to reach new highs or experience a correction? This is the question discussed at Market Cafe. In a recent statement, Jerome Powell, the Chairman of the U.S Federal Reserve, expressed his desire for inflation to decrease to 2%. Furthermore, there has been positive news for electric vehicle manufacturers in the U.S, as they report good sales. On a global scale, the S&P 500 index has closed above the 5,500 mark for the first time, with the comments made by Fed Chair Jerome Powell influencing market swings. In other news, the ECB Forum revealed that Powell is content with the progress made towards inflation. Additionally, HDFC Bank has seen a decline in FII holdings in June, leading to speculation about a potential rise in room rates due to the decrease in holdings. These are the latest updates in the world of stocks, as reported by ET Now.
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