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How will the US Debt Ceiling Deal impact the Indian market?

US President Joe Biden and House Speaker Kevin McCarthy agreed on a deal to suspend the government’s debt ceiling until 2025.

The Indian market rose almost a percent on the back of this news and is now just a kissing distance away from its peak. 

The BSE Sensex rose as much as 0.8 percent and the Nifty50 rose 0.76 percent.

The deal provides a near-term relief to stock markets and could potentially take Nifty to new record highs.

Investment Strategist VK Vijayakumar believes IT largecaps, financials and autos are on a strong wicket.

Sunil Damania believes the deal is a huge relief for global equity and debt markets.

Anand James is guarded against potential rejection trades and recommends riding on the upside momentum.

The deal needs to clear a narrowly divided Congress before the US runs out of money to pay its debts in early June. 

The US debt ceiling agreement is a compromise formula which will temporarily lift investor sentiment.

Click here to know more about the impact of the US Debt Ceiling Deal on Indian markets. 

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How will the US Debt Ceiling Deal impact the Indian market?

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How will the US Debt Ceiling Deal impact the Indian market?

After weeks of negotiations, congressional Republican McCarthy and President Joe Biden agreed on Saturday to avert an economically destabilising default by suspending the $31.4 trillion debt ceiling until 2025.

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