The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance
Global equities were startled last week after the US Fed and European Central Bank warned of a long period of higher interest rates. Given this, will the markets witness extended correction this week?
It was a tough week for markets in India and the world. Interest rates were raised in the US on expected lines and the commentary post the meeting were not enough to soothe the nerves
The falling Tesla shares have hit Musk's net worth which fell to $174 billion, taking him to the second spot at the world's richest person's list
Commentary by central banks on their resolve to tame inflation rattles investors, who were hoping that interest rates have peaked
After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed and unconvinced that its fight against accelerating prices is anywhere near over. On Thursday, stock markets buckled on the growing realisation that the Fed may be willing to let the economy slide into recession if it decides that's what's needed to drive inflation back down to its 2 per cent annual target. The S&P 500 stock index lost roughly 100 points 2.5 per cent in its worst day since early November. The losses came a day after the Fed raised its benchmark interest rate for the seventh time this year. The half-point hike the Fed announced to a range of 4.25 per cent to 4.5 per cent had been widely expected. What spooked investors was Wall Street's growing understanding of how much further the Fed seems willing to go to defeat high inflation. In updated projections they issued Wednesday, the Fed's policymakers forecast that ..
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
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
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Asian markets were also off to a tepid start, with the MSCI Asia ex Japan sliding 1.02%
Only two of 19 Fed officials saw the benchmark overnight interest rate staying below 5% next year
Markets feel that US central bank's aggressive rate hike cycle may be nearing an end
The consumer price index reading supports forecasts for the Federal Reserve to reduce the pace of monetary tightening
Financial markets and professional forecasters seem braced for the latter
Investors remained on the sidelines ahead of industrial production and retail inflation data scheduled to be announced after market hours, traders said
Revival in FPI flows, sharp recovery from year's lows in June helped calm investor nerves
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
More than 50 central banks have gone for 75-bp increases, with over 275 rate hikes this year
Indian currency underperforms EM peers; analysts cite shrinking forward premia, widening CAD