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# 757 Daily Money Show | Stock Market News

Original: # 757 Daily Money Show | Money Purse Stock Market News

49.9K views · Feb 22, 2024 · 17:31 min · Watch on YouTube ↗
Takeaway

Hawkish Fed minutes pushed back rate-cut expectations but stellar Nvidia results and large-cap strength kept Indian markets buoyant.

Summary

  • Sensex +535 to 73,158, Nifty +162 to 22,217; volatility seen but recovery in second half driven by ITC, TCS, Reliance, Infy, L&T, ICICI, HCL.
  • US Fed minutes: officials cautious about early rate cuts; want to hit 2% inflation target before easing.
  • Nvidia beat estimates, lifting global sentiment and supporting Indian recovery.
  • Market had estimated May rate cuts but Fed officials pushed back on early cuts.
  • Large-cap leadership drove Indian indices despite morning pressure.
FedRate CutsNvidiaNiftyInflation
Original description
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