Even with the caveat at the end, traders heard enough to set the S&P 500 Index on its way to an all-time high
The yield on the benchmark 10-year government bond fell by four basis points to settle at 7.05 per cent on Thursday, against 7.09 per cent on Wednesday
The Nifty finished at 22,012, with a gain of 173 points, or 0.8 per cent
Global financial conditions are expected to ease
Stock market updates, March 21: The S&P BSE Sensex jumped 781 points intraday to hit a high of 72,882 level, while the Nifty50 reclaimed the 22,000-mark
Fed still expects three rate cuts in 2024 despite sticky inflation, stronger economy
Market participants speculated that the Reserve Bank of India has been intervening in the foreign exchange market via dollar buys
The benchmark 10-year yield ended at 7.0918%, following its previous close of 7.0981%
The Sensex fell 736 points, or 1.01 per cent, to close at 72,012
Next week, states will participate in the final auction for the current financial year and as per the indicative calendar, they are expected to raise Rs 29,399 crore from the market
The rupee settled at Rs 83.04 per Dollar on Tuesday, against the previous close of Rs 82.90 per Dollar. The last time the rupee touched Rs 83 per Dollar was on February 16
Traders reportedly adjusted positions in anticipation of an increase in state govt securities supply on Tuesday
Stock markets would take cues from the biggest event of the week -- the US Fed interest rate decision, besides tracking the trends in global markets and trading activity of foreign investors, analysts said. Last week, a heavy decline in smallcap, midcap firms, foreign fund outflows and elevated crude oil prices in the international market dented investors' sentiments. Experts said equity markets may remain volatile in the near-term amid a host of global central bank's monetary policy decisions lined up during the week. "This week will place a significant focus on monetary policy, as the Fed will begin its two-day policy meeting on March 19. The US Federal Reserve will announce its interest rate decision after its two-day policy meeting on March 20, 2024," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Additionally, China will announce the loan prime rate for 1-year and 5-year loans, and the Bank of Japan (BoJ) will announce its interest rate decision on March
Given myriad cross currents across inflation, growth and financial stability, monetary policy in 2024 will have to cross the river by feeling the stones
Markets see an 84% probability the Fed will lower rates in June and have priced in 90 basis points of cuts for the year
Away from inflation, there are scant signs of stress in the economy. The latest jobs report pointed to moderating yet healthy employment growth that will keep consumer spending afloat.
The Senate voted 75 to 22 on Friday evening to approve the package, negotiated by congressional leaders from both parties. The House overwhelmingly passed it earlier this week
Powell's remarks add some additional color about officials' thinking around the timing of the first rate cut, bolstering the idea that such a move could come in the next few months
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The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday after data showed U.S. services industry growth slowed last month