S. 3% respectively. The rally was sparked by comments from Federal Reserve Governor Christopher Waller, who said the central bank is unlikely to raise rates again in the near term, easing fears of a prolonged tightening cycle. Technology names led the surge. Nvidia rose 3%, buoyed by its AI‑driven earnings, while other software stocks such as Microsoft and Salesforce also gained. Broadcom, however, slipped after its revenue outlook fell short of AI‑related expectations, underscoring that not all chip makers benefited equally from the upbeat tone.
The positive sentiment spilled over to global markets, lifting India’s benchmark indices. S. equities, which in turn lifted the Indian rupee slightly against the dollar. S. rate expectations also tend to reduce the risk premium on Indian bonds, potentially tightening yields. S.
rate outlook can lift global risk appetite and improve returns on growth‑focused stocks. However, the rally also raises the possibility of a stronger rupee, which could compress earnings for export‑heavy firms. S. Fed signals and keeping a diversified portfolio that balances growth and value will help manage the upside and downside in the coming weeks.