Federal Reserve and Godrej Group Steal the Show

The week started with a bang for the National Stock Exchange (NSE) as its benchmark Nifty 50 index soared to a record high. But before investors could pop the champagne, the index stumbled, shedding most of its gains and closing lower on Tuesday. This swift reversal left market watchers on edge, with everyone looking toward the US Federal Reserve for some much-needed guidance. Federal Reserve Chair Jerome Powell’s comments following the central bank’s latest policy meeting provided some comfort.