The dollar surged to a fresh two-decade high and Asian stocks hit a two-year low on Thursday as the prospect of U.S. interest rates rising further and faster than expected spooked investors
Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023
Investors bracing for another jumbo Federal Reserve rate hike are focused on a few key trades: betting on deeper inversion in the US yield curve, further losses in stocks and a stronger dollar
Most global markets have staged a smart recovery since their June 2022 lows. The S&P BSE Sensex has outperformed its peers with a rise of around 13 per cent since then
Spot gold was up 0.7% at $1,719.89 per ounce by 1230 GMT after rising to its highest since Aug. 30 at $1,729.29 earlier in the session
European stock markets opened in the red on Wednesday after US economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen
CLOSING BELL: Mukesh Ambani laid out succession plan with Akash Ambani championing telecom, Isha Ambani controlling Retail, and Anant Ambani joining new-energy vertical
Oil prices rose, recovering from 6-month lows, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by recession prospects.
CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS
Markets are again reeling under tremendous pressure across the globe following sticky inflation that could prompt swift actions by the apex banks ahead, say analysts
CLOSING BELL: Shares of One97 Communications, the parent company of digital payments major Paytm, tanked 14.5 per cent to hit a new low of Rs 662 on the BSE in Monday's intra-day trade
The central bank in December announced plans to buy its last tranche of government securities in February, sooner than it had projected just a month earlier.
All the sectoral indices ended the day in the red with the Nifty Realty, Metal, and PSU Bank indices dropping up to 3 per cent
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues
The Fed said the Treasury will provide $10 billion of credit protection to the central bank's commercial paper operation
People remain a little skeptical on how much rate cuts can aid economic recovery at a time when coronavirus is getting a tighter grip on the world
Trump has repeatedly criticised Fed Chair Jerome Powell in the recent past and has said that the bank has kept interest rates too high
The Fed is scheduled to release its latest policy decision at 2 pm EDT (1800 GMT)
The Fed cut rates last month for the first time in a decade and signalled it was open to doing more amid slowing global growth
Fed chair Jerome Powell, later in the presser, said that the rate cut has been in the pipeline for a while and doesn't necessarily portend a long cycle of rate cuts