FPIs sell shares worth Rs 2,109 crore
A weaker dollar can boost demand for oil, as dollar-denominated commodities become cheaper for holders of other currencies
Powell is scheduled to speak at a central bank conference in Stockholm at 1400 GMT, ahead of key US inflation data on Thursday
The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession
Wall Street sparked a global rally in stocks on Friday after a crucial US jobs report showed wage growth slowed in December, fueling investor bets that inflation is easing
US data showed private employers hired more workers than expected in December, suggesting strength in the labour market that could allow the Fed to boost interest rates
The dollar was last up 0.65% against the euro at $1.0536, and up 0.91% against the Japanese yen at 133.81
Global shares mostly rose Thursday following a rally on Wall Street as investors assessed minutes from the Federal Reserve's latest meeting of policymakers and welcomed encouraging data on US jobs. France's CAC 40 lost 0.6 per cent to 6,736.01 in early trading, while Germany's DAX fell 0.4 per cent to 14,438.94. Britain's FTSE 100 edged up 0.1 per cent to 7,595.23. US shares were set to drift higher with Dow futures up 0.3 per cent to 33,389.00. S&P 500 futures rose 0.5 per cent to 33,389.00. Worries over China's economic slowdown were weighing on Asian regional sentiment. Japan's benchmark Nikkei 225 rose 0.4 per cent to finish at 25,820.80. Australia's S&P/ASX 200 edged up nearly 0.1 per cent to 7,063.60. South Korea's Kospi added 0.4 per cent to 2,264.65. Hong Kong's Hang Seng jumped 1.3 per cent to 21,052.17, while the Shanghai Composite gained 1.0 per cent to 3,155.22. India's Sensex declined 1 per cent. Widespread COVID-19 cases in China have added to gloom over a ...
CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.4 per cent
The dollar surged in 2022 as the Fed hiked interest rates aggressively, luring investors towards higher-yielding US assets
The market now awaits the 2 p.m. EST release of the minutes from the Fed's Dec. 13-14 policy meeting
CLOSING BELL: TCS, Maruti, Divis's Labs, HDFC Life and Dr Reddy's were among the handful of stocks that held minor gains
Investors will parse the minutes to figure out whether more policy tightening is likely
Banks were also cautioned over the "contagion risk" from the sector
Global stock markets and Wall Street futures were higher Tuesday ahead of updates on US jobs amid fears of a possible global recession. Frankfurt, Shanghai and Hong Kong advanced. Seoul declined. Oil prices rose. Coming off a year of big declines for major stock markets, traders worry the Federal Reserve and other central banks might be willing to push the world into recession to cool inflation that is at multi-decade highs. Investors also are uneasy about the impact of Russia's war on Ukraine and China's COVID-19 outbreaks. Almost everyone is going into 2023 with a healthy dose of trepidation, Craig Erlam of Oanda said in a report. The DAX in Frankfurt opened up 0.2 per cent at 14,093.38 while the CAC-40 in Paris was unchanged at 6,594.63. On Wall Street, the futures for the benchmark S&P 500 index and the Dow Jones Industrial Average were up 0.5 per cent ahead of 2023's first day of US trading. The S&P 500 ended 2022 down 19.4 per cent, its biggest decline since the 2008 ...
CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent
Gold prices hit a six-month high on Tuesday in thin trading, with the market's attention turning to minutes from the US Federal Reserve's latest policy meeting due this week
The dollar index, which measures the greenback against six major currencies, has made a subdued start to 2023 and was last up 0.068% at 103.710
2022 will be remembered for a plethora of things but these 10 events will perhaps be on top of the list
Silver prices rose Rs 1000 from yesterday's close and the precious metal is selling at Rs 71,300 per kg