Recent economic indicators, including Tuesday’s robust November retail sales data, align with the Federal Reserve’s assessment of a strong economy. The US Federal Reserve cut the interest rate by 25 basis points on Wednesday, according to an official statement following the key FOMC meeting. This 25 basis points cut has led to the central banks…
NEW DELHI: Foreign investors have poured Rs 57,359 crore into Indian equities in Sept, making it the highest inflow in nine months, mainly driven by a rate cut by the US Federal Reserve.With this infusion, foreign portfolio investors’ (FPIs) investment in equities has surpassed the Rs 1 lakh crore mark in 2024, data with the…
Kolkata: Gold came under pressure in India Thursday morning, but reversed the trend in the afternoon after international prices rose by $18 a troy ounce as the market felt the impact of the first interest rate cut by the US Federal Reserve in more than four years. Prices moved up to Rs 73,450 per 10…
MUMBAI: Wednesday’s 50 basis points rate cut decision by the US Federal Reserve may not prompt an immediate response from RBI in its Oct policy, though it could benefit India by easing pressure on the rupee and lowering borrowing costs for those with access to global markets.In the equity market, the rate cut at the…
US Federal Reserve Meeting: The US Federal Reserve on Wednesday cut interest rates by 50 basis points. “In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent,” the FOMC statement read….
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, were in red in early morning opening trade on Wednesday, trading flat ahead of the US Federal Reserve meet later in the day. While BSE Sensex was above 83,000, Nifty50 was near 25,400. At 9:33 AM, BSE Sensex was at 83,040.87, down 39…
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in opening trade on Wednesday on the back of global cues. While BSE Sensex dipped below 82,000, Nifty was below 25,100. At 9:16 AM, BSE Sensex was trading at 82,023.52, down 532 points or 0.64%. Nifty50 was at 25,103.35, down 177…
Gold price outlook: Goldman Sachs predicts that gold is most likely to experience a price increase in the near future due to its popularity as a risk hedge. The bank believes that upcoming US Federal Reserve rate cuts will attract Western capital back into the gold market, which has been largely absent during the sharp…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex was above 81,300, Nifty50 was above 24,850. At 9:16 AM, BSE Sensex was trading at 81,305.31, up 219 points or 0.27%. Nifty50 was at 24,879.90, up 57 points or 0.23%.This week, investors will likely react…
Representative Image Domestic gold prices have risen by 10 per cent on a year-to-date basis on the back of the strength in global gold prices, which have surged by 18 per cent year-to-date, driven by robust central bank purchases, heightened geopolitical risks, and growing expectations of a monetary policy pivot from the US Federal Reserve,…
