Indian stock market indices traded in the red at Tuesday's opening bell over reported concerns of overheating in the small and midcaps space coupled with profit booking by investors.
Indian stock market indices extended their losses from the previous week, though marginally, tracking weak US market cues and concerns of over-heating in small and midcaps space.
Reducing policy restraint too soon or too much could result in a reversal of progress was made in terms of inflation and ultimately require even tighter policy to get inflation back to 2 per cent target, US Federal Reserve Jerome Powell said, as he indicated the central bank is no rush to cu
Throughout January, fixed income investors observed marginal increases in yields alongside steeper curves across global developed markets, according to a Morgan Stanley study.
Boeing has removed the head of its troubled 737 MAX programme from the planemaker, amid scrutiny around production and safety measures following a mid-air blowout on a plane last month, Al Jazeera reported.
Indian stock indices settled in the green Monday, scaling higher for the fifth consecutive session, with Nifty pharma, Nifty consumer durables and Nifty FMCG gaining the most.
US Fed had raised interest rates from near zero to now 5.25-5.50 per cent in the fight against inflation. Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.
The anticipated increase is attributed to several factors including higher growth prospects in emerging markets compared to developed markets and the potential for US Federal Reserve rate cuts later in the year.
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research.
The US Federal Reserve in its January meeting voted to leave the key interest rate unchanged at 5.25-5.50 per cent, keeping the policy rate unchanged for the fourth straight time on a trot.
The federal appeals court in Washington, DC, refused to further review the gag order imposed upon former President Donald Trump, which prohibits him from talking about witnesses and court staff about the January 6 criminal case, CNN reported.
Saleh attributed this success to the effective strategies implemented by the Central Bank of the UAE (CBUAE), establishing frameworks for sustained sector growth