(Bloomberg) — Stock futures joined losses in bonds as hotter-than-estimated inflation data bolstered speculation the Federal Reserve will be in no rush to cut interest rates. Equities were set to extend their April losses, with S&P 500 contracts falling over 1% after the consumer price index underscored the bumpy pathRead More →
Banks, capital goods, and oil and gas stocks catapulted the Nifty index to a record high of 22,353.30 points, and the Sensex to 73,819.21 on Friday. This was driven by provisional domestic institutional investors buying of ₹3,814.53 crore and proprietary trader purchases of ₹618.58 crore, BSE data show. Foreign portfolioRead More →
The Sensex rose over 955 points to its new high of 70,540, whereas the broader Nifty50 index advanced 263 points to its record high of 21,189.55. The US Federal Reserve has opted to maintain unchanged interest rates and has additionally signaled the likelihood of three quarter-point cuts to the benchmarkRead More →
US Federal Reserve Chair Jerome Powell on Friday reaffirmed the central bank’s intent to remain cautious on interest rates but also said that the hoped-for “soft landing” of the US economy seemed to be falling into place. Powell said that the US monetary policy was slowing the economy as expectedRead More →
Asian markets traded mostly lower and US stocks gained overnight while treasury yields rose on expectations that US inflation will remain high. The domestic benchmark indices ended Wednesday’s volatile session marginally higher amid mixed global cues. The Sensex closed 92.47 points, or 0.14%, higher at 66,023.24, while the Nifty 50Read More →
The rupee depreciated 2 paise against the US dollar in the morning session on Wednesday, tracking a strong American currency overseas and muted trend in domestic equities. The local currency opened 2 paise lower at 83.27 a dollar as compared to previous close of 82.25. The dollar index, which gaugesRead More →
FPIs turned net sellers of ₹14,768 crore in NSE’s cash market in September after buying equities worth ₹1.69 trillion over six straight months. Simultaneously, they held a cumulative net short position in index and single-stock futures as of 29 September, coinciding with their cash market sales. Their cumulative net shortsRead More →
NEW DELHI, MUMBAI : Indian benchmark indices saw their steepest single-day drop in two months, declining over 1% on Wednesday, dragged down by selling in HDFC Bank and other index heavyweights. Weakness in global markets, with crude oil prices nearing $100 a barrel, also made investors cautious ahead of theRead More →
Ahead of their policy-setting meeting this month, Federal Reserve policymakers have been pretty clear about two things: They are not itching to raise interest rates, but few among them are ready to declare victory, either. The U.S. central bank has lifted its policy rate by 5.25 percentage points over theRead More →
The affordable housing segment continues to be an unattractive proposition, both for the buyer and seller. The main villain here is the pricey home loan rates after the spate of interest rate hikes by the Reserve Bank of India (RBI) since May 2022. Moreover, it does not help that oneRead More →
