Domestic equity benchmarks ended almost flat today, despite some global jitters. The Nifty50 ended near 22,450, supported by PSU banks and IT stocks. This subtle optimism stems from strong domestic manufacturing data and hopes for positive upcoming earnings. However, strong US economic data dampens expectations of a June Fed rate cut. All eyes are now on the Fed Chair's speech later today for hints on future monetary policy. A dovish tone could potentially calm global markets.
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