The longest weekly winning streak since 2010 came to an end this week as the Indian market faced significant selling pressure today. This downturn was influenced by a sell-off in global markets following fresh data from the US, which has reignited recession fears. These concerns have resurfaced in the headlines […]
Fed Chair Jerome Powell
The Indian equity market is experiencing a robust bull run, climbing steadily despite several challenges. Domestic equity benchmarks Sensex and Nifty 50 recovered from post-budget losses and added 0.9 per cent and 1.24 per cent, respectively, for the week, posting the eighth week of gains — registering their best weekly […]
Indian stock market continued its record bull run picked up since June-end led by return of foreign inflows, albeit few phases of consolidation with the new earnings season. Bulls have tightened their grip on D-Street after a spectacular month-opening ahead of the Union Budget 2024 scheduled for later this month. […]
The Indian stock market benchmarks posted healthy gains on Friday, July 12, as investor risk appetite increased on hopes that the US Federal Reserve was nearing the start of a rate cut cycle. The hope was fuelled after the June inflation data came slower than expected. Cooling for the third […]
Gold prices surged over 1 per cent on Thursday, surpassing the $2,400 per ounce mark, following data revealing a surprise decline in U.S. consumer prices last month. This development heightened expectations for interest rate cuts by the Federal Reserve. Spot gold climbed 1.5 per cent to $2,406.99 per ounce by […]
Brent futures rose four cents, or 0.1 per cent, to $85.75 a barrel, while US West Texas Intermediate (WTI) crude for August delivery remained unchanged at $81.29 from where it closed on Thursday. That put Brent on track for its highest close since April 30 for a second day in […]
The US Federal Reserve is poised to announce its key policy decision later today, with significant anticipation surrounding the central bank’s timing for potential interest rate cuts for the remainder of the year. In today’s decision, there is a near consensus that the Jerome Powell-led FOMC will maintain the interest […]