Foreign institutional investors (FIIs) were the net sellers of securities worth of ₹1,023.91 crore, while domestic institutional investors (DIIs) bought securities for a net total of ₹1,634.37 crore. FIIs purchased shares worth a net of 14,623.18 crore rupees for the month up to July 28, while DIIs sold shares worthRead More →
US Federal Reserve Chair Jerome Powell is scheduled to give his semi-annual report to Congress on Wednesday after the policymakers kept interest rates unchanged at their meeting last week. Analysts expect a hawkish tone from Powell as the central bank forecasts around two more quarter-point rate hikes this year. SharesRead More →
The shares worldwide fell on Thursday on worries of aggressive interest rates hike by the central banks. US stocks US stocks on Thursday were dragged down by banks as investors remain cautious about interest rate hike by the Federal Reserve and awaited monthly jobs data on Friday. The S&P banksRead More →
Both the US and the European stock markets fell on Tuesday following Federal Reserve chair Jerome Powell’s hawkish remarks in his testimony before the US Congress. Jerome Powell said on Tuesday that Federal Reserve is likely to increase interest rates higher than earlier anticipated. “Although inflation has been moderating in recent months,Read More →
Yesterday, better-than-expected CPI inflation data fuelled a favorable rally in Indian markets with IT stocks finally halting their 7-day losing streak and PSU banks extending their gains furthermore. Sensex stayed above the 62,500 mark and Nifty 50 held over 18,600 — indicating the beginning of improvement from the past fewRead More →
Representational image only. | Photo Credit: Reuters Asian stocks extended a global rally on December 1 and the dollar fell after Federal Reserve boss Jerome Powell flagged a slowdown in the pace of interest rate hikes and China opened the way for a softer approach to fighting COVID-19. A growingRead More →
