Nifty’s hot streak faces Fed reality
The National Stock Exchange Nifty ended last week with its eighth straight session of gains, its longest run in a year. The 50-share benchmark index also rose 1.5 per cent, its best weekly advance this quarter. Investors will be watching the US Federal Reserve’s monetary policy announcement this week. Hopes of a rate cut stoked last week’s rally. Market analysts, however, warn that regardless of the outcome, the effect of a US policy move may fade within a few sessions. “Steady domestic institutional flows in recent months have allowed the markets to shrug off

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