Oil prices rose as much as $1 on signs of improving fuel demand, although further gains were capped as the market awaited clues from the US Federal Reserve chairman
F&O Expiry: 25 of the 30 Sensex constituents and 34 of the 50 Nifty constituents ended in the negative territory including Adani Ports, Bajaj Finance, IndusInd Bank, Infosys, TCS, Axis Bank, and HDFC
CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices
Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion
Interest rates to go further up; strong dollar is likely to continue weighing on gold prices
CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC
US Federal Reserve officials indicated that further rate hikes could follow as there is "little evidence" that inflation pressures were subsiding, according to the Fed's latest policy meeting.
Pace of future Fed hikes depends on data, no evidence inflation subsiding, July minutes show
Gold prices were little changed on Wednesday, with gains curbed by a firmer dollar, while investors braced for any guidance on future US interest rate hikes from the minutes of the Federal Reserve's
US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated
The US dollar index, a measure of the currency against six major rival pairs, was at 105.67 around 6.15 pm IST on Tuesday. It had climbed to a 20-year high of 108.54 in late July
Dollar index falls as a contraction in US GDP eases Fed hike fears
As the cryptocurrency market cap crossed $1.1 trillion mark on Friday and Bitcoin rose above $24,000, experts said that 'we are not there yet'
Gold and silver have always remained some of the precious assets to safeguard against inflation
However, analysts do caution against intermittent phases of withdrawals by FIIs given macro-economic developments across major world economies
Powell cannot afford to take his eyes off the prize - to get inflation down
Analysts believe that the US Fed's confidence about strong labor markets and dismissal of recession brought respite to the investors
Stock market live updates: As of 7:45 AM, the SGX Nifty Futures quoted at 16,475 levels, indicating a downside of 8 odd-points on the Nifty50.
Better-than-expected results at Microsoft and Google helped soothe a nervous mood in stock markets on Wednesday, while a cut in Russian gas flow dragged on the euro
The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent