Benchmark Indices Snap Six-Week Slump as S&P Upgrade Fuels Rally

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-08-14 13:14:02

BTCCSquare news:

Indian equities broke a six-week losing streak as S&P Global's sovereign rating upgrade injected Optimism into cautious markets. The Nifty 50 edged up 0.05% to 24,631.30 while the Sensex gained 0.07% to 80,597.66 during Thursday's holiday-thinned session. S&P's elevation of India to 'BBB' with stable outlook—its first upgrade in 19 years—validated the economy's 6.8% growth trajectory and fiscal discipline.

Technology stocks led the charge, with Wipro jumping 2.01% and Infosys rising 1.5% after announcing a $150M Australian acquisition. The Nifty IT index outperformed with a 1.7% surge. Market breadth remained narrow as Tata Steel dropped 2.8%, reflecting lingering sectoral rotation ahead of macroeconomic data releases.

By:

Log in to Reply

Bithumb Exchange Reports 35% Revenue Growth in H1 2025 Amid Crypto Market Resurgence

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.