Domestic equity benchmarks ended with modest gains today, with the Nifty 50 breaching the 22,750 mark. Most sectors gained, led by FMCG and metals. The positive momentum mirrored global trends, but gains were capped by caution ahead of key US data releases. Investors are eyeing the FOMC minutes and US inflation data later today, worried a hot inflation report could dampen hopes of a rate cut. Fitch’s downgrade of China’s credit rating added another layer of uncertainty.
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