The US Federal Reserve on Friday raised interest rates by a quarter of a percentage point and signalled it may pause further increases. The increase lifted the Fed's benchmark federal funds rate to a range of 5 per cent to 5.25 per cent, the highest level since 2007.
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Indian stock indices declined Friday morning, largely due to profit booking after the recent consistent bull run. Indian stock indices had been rising for about two weeks, backed by higher-than-estimated Q4 earnings, firm GST collection and foreign fund inflows.
This move is on account of the reduced impact of international markets and the ease in availability of domestic crop. According to Mother Dairy, revised MRP stocks are slated to hit the market by next week.
Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the second straight month after having sold two months on a trot in January and February, latest data from the National Securities Depository (NSDL) revealed.
Investors' sentiments across the world by and large will be influenced by the FOMC meeting outcome. It is expected that the European Central Bank (ECB) will announce its interest rate decision on May 4.
Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the second straight month after having sold two months on a trot in January and February, latest data from the National Securities Depository (NSDL) revealed.
Indian stock indices opened Monday's trade on a firm note after closing largely steady last week. At 9.26 am, benchmark domestic indices Sensex and Nifty traded 0.3 per cent up from their previous closing.
Procurement of chickpea crop from the Rabi season at assured Minimum Support Price (MSP) is currently underway and its stocks this year are expected to rise to a new high, according to a report published by Global Pulse Confederation.
In this regard, Rohit Kumar Singh, Secretary, the Department of Consumer Affairs, took an internal meeting with these officers who visited major pulses markets and interacted with various market players.