The indices surged on Tuesday taking cues from the rally of global stocks on hopes that the US Federal Reserve would ease its aggressive policy stance. The ease in domestic inflation also helped the market sentiments.
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.
The volatility in the stock market on Friday was seen after the US Federal Reserve announced hike in the policy rates and thereafter by the Bank of England by 75 basis points.
US Federal Aviation Administration (FAA), in August, sought comments from the public about the size of commercial airplane seats. It had requested comments on the minimum seat dimensions necessary for the safety of air passengers in case of an emergency evacuation.
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.
Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.
A federal judge on Friday refused to ban an activist group from gathering near ballot boxes in Arizona, saying the members' actions did not pose a "real threat" or intimidation and that they had the right to remain in public.
The dollar retreated on Monday after the October S&P Global Composite PMI release showed US business activity contracting for a fourth straight month, an indication that the US Federal Reserve's aggressive monetary tightening was having a significant impact.
Washington [US], October 22 (ANI): US' federal appeals court on Friday issued an administrative stay, temporarily blocking President Joe Biden's student loan forgiveness program.