Indian stock markets opened flat on Tuesday ahead of the much-awaited U.S. Federal Reserve meeting, even as Asian markets rallied on hopes of a rate cut.
Indian stock markets started the fresh week on a cautious note on Monday, as both indices declined marginally during the opening session. The US Federal Reserve meeting is set to start on Tuesday, and markets around the globe are expecting a 25 basis points cut.
U.S. Federal Reserve Chair Jerome Powell hinted a possible interest rate cut in September if economic conditions align with expectations. The fed made these remarks during the latest Federal Reserve meeting which decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per ce
Mumbai (Maharashtra) [India], June 10 (ANI): Banking and financial scrips lifted up equity benchmark indices on Wednesday while investors globally awaited the outcome of a Federal Reserve meeting expected to shed light on the state of US economy and potential further stimulus measures.
New Delhi [India], Nov. 2 (ANI): The gold price held steady on Wednesday ahead of the market expectations for the outcome later in the day of a Federal Reserve meeting for clues on the possible US interest rate hike.