Stock Market Highlights: As many as 33 constituent stocks on the Nifty50 ended in the red, dragged by TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro, with a fall of up to 3.50 per cent
The fall in IT stocks may also be attributed to a report which says Accenture Plc is planning to push back the bulk of its staff promotions by six months
Fed officials are expected to lower interest rates this week for the first time in more than four years
To Kristina Hooper, chief global market strategist at Invesco, the US economy looks set to avert a recession as the Fed starts easing policy just ahead of the US election
The 1-month non-deliverable forward indicated that the rupee will open at 83.87-83.88 to the US dollar
The market is likely to remain cautious until the Federal Reserve makes its interest rate decision on Wednesday, say experts
When Fed policymakers sit down Tuesday for the start of their two-day meeting, they'll have fresh figures on the state of consumer demand
Traders now see just a 15 per cent chance of a half-point rate cut at the Fed's Sept. 17-18 policy-setting meeting
Bank executives this week softened investor hopes ahead of a widely expected interest rate cut by the Federal Reserve, as well as persistent worries over the economy
The draft Basel rule, first unveiled in July 2023, overhauls how banks with more than $100 billion in assets calculate the amount of capital they must put aside to absorb potential losses
With foreign direct investments (FDI) growing 47.8 per cent to USD 16.17 billion during April-June 2024, India is expected to see further acceleration in the inflow on account of a potential Fed rate cut, modest growth outlook in the US, and the country's favourable economic outlook, experts say. They also said that investment destinations have changed over the decade and have got more diversified, with capital flowing into new emerging sectors. Compared to eight years ago, power, construction, healthcare, chemicals, and non-conventional energy have now been attractive investment destinations, Rumki Majumdar, Economist, Deloitte India, said. "We foresee this trend of strong FDI to accelerate in the coming quarters. The anticipated US election results, a potential Fed rate cut, modest growth outlook in the US, and India's favourable economic outlook will likely attract global investors to India," she added. Aakash Dasgupta, Partner, IndusLaw, said that while the FDI inflow seems t
While there is a small possibility that the RBI may let the currency weaken slightly below the 84 mark, runaway moves remain quite unlikely
The Reserve Bank of India likely intervened on multiple occasions last week to support the rupee
Of the many forces shaping stock prices, economic growth, corporate profits, and valuation are paramount. These deserve more attention than interest-rate movements alone
The three-month average monthly payroll rise is now down to 116,000, far less than the 200,000 that analysts say is needed to meet current job-growth needs in a population that has swelled through imm
Traders are confident that the US Fed will cut rates this month and are pricing in a 59 per cent chance of a 25-basis-point cut, according to CME FedWatch tool
The local currency settled at 83.97 per dollar on Tuesday, almost flat compared to the previous close. The previous record low of 83.97 was hit on August 13 of the current year
Most central banks were expected to start cutting interest rates sometime this year, or have already done so, with the US Federal Reserve predicted to start at its Sept. 17-18 meeting
Emkay Global has raised the Nifty50 target to 26,000 for September 2025 on the back of rate cuts, revival in rural consumption, and earnings growth
Factors contributing to the buying spree among Foreign Institutional Investors include stabilisation of the Indian rupee and positive sentiment regarding India's growth story