Strong GIFT Nifty futures, steady Asian markets and the overnight positive close on Wall Street indicate a firm start for Indian shares on Wednesday.
Oil prices drifted lower amid hopes of a U.S.-Iran peace deal following U.S. President Donald Trump's announcement that his latest effort to partially reopen the Strait of Hormuz would be paused,
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.