Benchmark stock indices in India settled in the green on Friday, tracking positive cues from overseas markets which improved after the recent slump -- following the collapse of Silicon Valley Bank and aftereffects on some other banks.
Consumer inflation in the US moderated in February to 6.0 per cent from 6.4 per cent the previous month, but still the numbers are way above the 2 per cent target.
The key indices in the domestic market -- BSE Sensex went down 927 points and settled at 59,744.98 level while NSE Nifty lost 280 points and closed the session at 17,546.55 level.
The US central bank's policy rate is now in a target range of 4.25-4.50 per cent, the highest level in 15 years, and notably, it was near zero in the early part of 2022.
In December, consumer inflation in the US moderated to 6.5 per cent from 7.1 per cent the previous month but still is way above the 2 per cent target. In October, it was reportedly 7.7 per cent.
New Delhi [India], September 22 (ANI): Indian stocks declined, though marginally, on Thursday morning in line with weak global cues, following yet another policy rates hike by the US Federal Reserve in its fight against high inflation.
Washington [US], September 22 (ANI): The US Federal Reserve has yet again raised key interest rates in its fight against red-hot inflation in the country. The key policy rate was raised by 75 basis points to 3.0-3.25 per cent -- which is the third consecutive hike of the same magnitude.
New Delhi [India], September 21 (ANI): Snapping two-day gains, Indian stocks traded a tad lower but with a positive bias on Wednesday morning as investors await the actual degree of rate hike by the US Federal Reserve, if at all, for fresh cues.
New Delhi [India], September 18 (ANI): All is not well in global financial markets. Market participants are not aggressively participating and are largely shying away from making large bets, especially on concerns of aggressive global monetary policy tightening by various central banks to