For the record, the US Federal Reserve on November 3 raised key interest rates in its fight against red-hot inflation in the country. It raised the key policy rate by 75 basis points to over a decade high at 3.75-4.0 per cent. Notably, this was the fourth consecutive hike of such magnitude.
Speaking at the 59th Annual Economic Forecast Luncheon, Phoenix, Arizona on Wednesday, Governor Waller said the data of the past few weeks have made him more comfortable considering stepping down to a 50-basis-point hike in the upcoming policy meet.
In this context, Gaurang Somaiya, forex and bullion analyst, MOFSL, said, "The central bank has accumulated these reserves to be utilised in these kinds of situations," and added that investors are on the edge at this point as there are a lot of moving parts which are impacting the market.
Some of the factors that might influence the markets on Monday are policy rate hikes by US Federal Reserve, the Bank of England and the report of the Reserve Bank of India that might come out next week on why it failed in maintaining the inflation mandate.
Among the Nifty 50 stocks, Hero Motocorp, Divi's Labs, Infosys, Tech Mahindra, and Apollo Hospitals were the top five losers this morning, National Stock Exchange data showed.
Among the Nifty 50 stocks, Tech Mahindra, Hindalco, Wipro, Coal India, and Infosys were the top five losers, declining in the range of 1-2 per cent each, National Stock Exchange data showed.
The bullish trend in Indian stock indices continued for the third straight week as the benchmark index Sensex breached 60,000 after several weeks on Monday. The majority of the Asian markets rallied and traded in the green as investors cheered the news that the Federal Reserve would go slow
The indices rose on Monday tracking gains from Friday's US markets amid hopes of slower interest rate hikes coupled with healthy corporate earnings back here in India and the seeming return of foreign funds during the past week. The rally in the markets was backed by stock-specific movements
New Delhi [India], October 23 (ANI): Due to the auspicious timing, Dhanteras is being celebrated on two days which led to an upward trend in the market.
Pune (Maharashtra) [India], October 18 (ANI/NewsVoir): Leading banks, NBFCs, and other financial institutions have made it easier for people to invest in a fixed deposit to build wealth safely. The recent repo rate hikes have also resulted in higher FD interest rates, allowing retail investo
New Delhi [India], October 14 (ANI): Experts say with retail inflation above the central bank's comfort zone, rate hikes would continue while wholesale price index (WPI) inflation is expected to ease to a single-digit number from October. The experts also said the drivers of inflation seem t
Mumbai (Maharashtra) [India], October 8 (ANI): Corporate earnings and the central bank's action amid a slide in the value of the rupee are likely to keep the Indian equities markets' key indices - Sensex and Nifty - volatile in the coming weeks ahead of the Diwali festival.