Indian Mid-Cap Stocks Hit All-Time Highs on Rate Cut Hopes

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. The mood is upbeat in Asia, with a tech rally sending the regional stock benchmark up more than 1% in early trading. That’s after robust earnings and a surprisingly strong revenue forecast from Nvidia eased concerns about a bubble in the AI industry. Regional moves should give more confidence to Nifty bulls, who on Wednesday pushed the index back above the 26,000 mark, and closer to its record high, amid growing optimism for a US–India trade deal. More broadly, focus Thursday will be on the delayed US September jobs report after minutes of the Fed’s October meeting showed that many officials leaned against a rate cut next month.