Moderating US inflation, normal monsoon forecast buoy Indian stocks; IT index top mover
New Delhi [India], May 16 (ANI): Stock indices began on a strong start at the opening bell Thursday, tracking firm overnight cues from US markets which rose after a softer-than-expected US consumer inflation in April.
In the 12 months through April, the CPI increased 3.4 per cent after climbing 3.5 per cent in March. The moderation in inflation likely raised expectations of sooner interest rate cuts in the US in 2024.
Soo