Adding to the bullish sentiment, US economic data released on Tuesday showed a robust performance. Retail sales in July exceeded expectations, indicating strong consumer spending while consumer prices rose moderately during the same period.
Dockworkers at India’s 12 largest ports have announced an indefinite strike beginning on 28 August 2024, following prolonged and unsuccessful wage negotiations, according to media reports. This strike is anticipated to cause significant disruptions in port operations nationwide, logistics, and shipments.