Indian stocks Sensex rose to a three-month high, led by metals and automotive stocks. At the same time, it was also driven by forecasts that The US Federal Reserve (Fed) will not accelerate interest rate hikes. After the US economy contracted for 2 consecutive quarters.
Indian stock market sensex index The market closed today at 57,570.25 points, an increase of 712.46 points or 1.25%.
Analysts see The market sees the disappointing economic data as a positive. I hope that the government will issue a policy to promote growth later.
Tata Steel was up 7.27%, while Maruti Suzuki was up 0.60%.
