Page 15 - Jerome Powell
Dalal Street defies global mood; Sensex soars 443 pts, Nifty top 17,650
CLOSING BELL: ITC, Sun Pharma, RIL, Tata Steel, NTPC, HCL Tech, L&T, and ICICI bank were the top Sensex gainers, while Hindalco, JSW Steel, Grasim, and Cipla were additional top gainers on the Nifty50
 "Dalal Street defies global mood; Sensex soars 443 pts, Nifty top 17,650")
India, US correlation weakens as equity markets take divergent path
The BSE Sensex has declined merely 2.5 per cent, even as the Dow Jones declined close to 8 per cent.
 "India, US correlation weakens as equity markets take divergent path")
Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts
For Ethereum, which is scheduled to go for 'The Merge' on September 6, will likely break out of the $2,000 level before the event, experts suggest
 "Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts")
Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole
The largest cryptocurrency is down about 6% since Powell's hawkish Aug. 26 Jackson Hole speech underlined that the Federal Reserve wants to subdue financial markets
 "Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole")
Indian markets slide on US Fed's hawkish tilt; Sensex down 861 points
Experts say any fall in US equities could reflect in the domestic markets as well
Bitcoin hovers around $20k as Fed chief's hawkish comments weigh on crypto
The largest token fell as much as 2.3% on Monday to $19,527, the fifth day of declines
 "Bitcoin hovers around $20k as Fed chief's hawkish comments weigh on crypto")
Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM
CLOSING BELL: Mukesh Ambani laid out succession plan with Akash Ambani championing telecom, Isha Ambani controlling Retail, and Anant Ambani joining new-energy vertical
 "Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM")
Gold drops 0.8% as US dollar shines on Powell's rate hike warning
Gold prices took a beating as US Federal Reserve Chair acknowledged that a quick undo of central bank's rate tightening was far from over, which boosted the dollar and sent bullion to a one-month low
 "Gold drops 0.8% as US dollar shines on Powell's rate hike warning")
No need to worry till the Sensex holds 56,886 level, technical charts say
Equity markets declined the most in around a month on Monday following US Fed chief Jerome Powell's comments on Friday, which indicated that it will continue with its restrictive monetary policy
 "No need to worry till the Sensex holds 56,886 level, technical charts say")
Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation
RBI interventions to determine rupee's course amid surging dollar
 "Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation")
'Inflation fever' finally breaking but central banks won't stop rate hikes
As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food
 "'Inflation fever' finally breaking but central banks won't stop rate hikes")
Oil prices mixed as OPEC supply cut prospect neutralises demand fears
Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell
 "Oil prices mixed as OPEC supply cut prospect neutralises demand fears")
Top Headlines: RIL AGM today; Suzuki Motor to set up EV battery unit & more
Reliance Industries (RIL) will hold its 45th Annual General Meeting (AGM) via video conferencing today at 2 pm on Monday, August 29
 "Top Headlines: RIL AGM today; Suzuki Motor to set up EV battery unit & more")
To the point
The Fed has made its policy position clear
Indian markets may feel the pinch of Fed chief's hawkish comments: Experts
Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows
 "Indian markets may feel the pinch of Fed chief's hawkish comments: Experts")
Rupee set to test fresh lows as Powell dispels hopes of softer Fed
But depreciation likely to be orderly because of RBI support, FPI inflows
 "Rupee set to test fresh lows as Powell dispels hopes of softer Fed")
Powell's 8-min speech at Jackson Hole erases $78 bn from richest Americans
US central bank will keep raising interest rates and probably leave them elevated for a while to reduce inflation
 "Powell's 8-min speech at Jackson Hole erases $78 bn from richest Americans")
Bitcoin plunges below $20,000, may reach $10,000 level this year
After showing some stabilisation in the last few weeks, world's largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell's keynote address
 "Bitcoin plunges below $20,000, may reach $10,000 level this year")
Indian equities likely to remain volatile after US Fed chair's speech
On Friday, Fed chair Jerome Powell signaled the US central bank is likely to keep hiking interest rates and keep them elevated to tame inflation.
 "Indian equities likely to remain volatile after US Fed chair's speech")
US Fed chief Powell talks tough, warns of 'unusually high' rate hikes
Inflation is now their chief concern, and Powell's remarks at the symposium, hosted by the Kansas City Fed, set a tone likely to register on global markets
 "US Fed chief Powell talks tough, warns of 'unusually high' rate hikes")