CLOSING BELL: The Rs 15,446 cr stake buy by GQG Partners in Adani Group, coupled with positive global cues buoyed sentiment on Friday. Heavyweights RIL, ITC and Airtel also rallied up to 3 per cent.
Waller's speech followed comments by Atlanta Fed President Raphael Bostic, who told reporters that he still favored raising rates by 25 basis points in March but was open to lifting borrowing costs
Foreign investors have turned cautious and pulled out Rs 2,313 crore from Indian equities so far this month ahead of the release of Federal Reserve's latest meeting minutes. However, the pace of selling has come down compared to January, when Foreign Portfolio Investors (FPIs) took out Rs 28,852 crore. This was also the worst outflow in the last seven months, data with the depositories showed. Prior to that, they made a net investment of Rs 11,119 crore in December and Rs 36,238 crore in November. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said rising rates in the US might lead to more capital outflows from emerging markets including India. According to the data, FPIs withdrew a net amount of Rs 2,313 crore from Indian equities during February 1-24. "FPIs turned cautious ahead of the release of the minutes of FOMC meeting and on the back of series of disappointing economic data in the US, indicating slow pace of moderation in inflation. This fann
Claims remain low despite high-profile layoffs in the technology sector and other industries highly sensitive to interest rates
The non-deliverable forwards indicate that the rupee will open at around 82.85-82.90 to the dollar, compared with 82.7550 in the previous session
The Fed earlier this week increased the rate by a quarter-of-a-percentage-point to 4.5 -4.75 per cent
Rupee likely to open higher after Fed rate hike, local equities in focus
The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday
Inflation is cooling, and parts of the economy appear to be weakening. But Chair Jerome Powell is likely Wednesday to underscore that the Federal Reserve's primary focus remains the need to fight surging prices with still-higher interest rates. With financial markets anticipating that the Fed will stop raising rates soon and possibly even cut them later this year, analysts say Powell will need to push back against such optimism. If financial markets expect lower rates than what the Fed plans to deliver, the central bank's already treacherous task can become even harder. Powell's tough message will likely emerge at a news conference after the Fed's 19-member policy committee announces its latest action. The policymakers are set to raise their benchmark rate by a quarter-point to a range of 4.5% to 4.75%, its highest level in about 15 years. The move could further increase borrowing rates for consumers as well as companies, ranging from mortgages to auto and business loans. In some
Indian shares opened lower, ahead of the US Federal Reserve's release of minutes from its December meeting, in which the central bank is expected to give a glimpse of its policy tightening path
Silver prices rose Rs 1000 from yesterday's close and the precious metal is selling at Rs 71,300 per kg
From all-time highs to heightened volatility, The second of the yearender series assesses the market's trajectory
On December 15, after the US inflation of 7.1 per cent for November was announced, Bitcoin touched its five-week high of $18,400
The domestic currency has depreciated over 10% against the greenback so far this year
The biggest decline in two months; FPIs sell shares worth Rs 711 cr
Markets feel that US central bank's aggressive rate hike cycle may be nearing an end
The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs
The domestic unit settled at 82.54 to the dollar on Monday, from 82.28 at previous close. So far in 2022, the Indian currency has shed 9.9% against the greenback
Asian shares fell while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the US Federal Reserve, the European Central Bank and others
They're also likely to signal another 50 basis points of tightening next year, according to economists, and an expectation that once they reach that peak, they'll stay on hold through all of 2023