Indian markets look set for a cautious opening after Monday's selloff, while Wall Street's record-breaking rally and easing geopolitical tensions offer positive global cues ahead of Nifty's weekly expiry and quarter-end trade.
The global artificial intelligence (AI) boom has propelled stock markets in the US, South Korea, Taiwan, and Japan to unprecedented record highs. Driven by an insatiable investor appetite for large language model (LLM) developers, semiconductor giants, and chip manufacturers, the rally has taken a highly speculative turn as market participants increasingly turn to leverage to maximize their returns.
