RBI asked for mkt views on BoP, impact of 75-bps rate hike by US Fed
Financials and pharma stocks led the advance amid positive flows from foreign portfolio investors
Though the recent rally in domestic equities has turned the markets expensive relative to peers, analysts still suggest investors focus on Indian equity markets
The Nifty Pharma index finished at 12,750, up 3.1 per cent - most since May 20 and third biggest single-day gain of the year
The benchmark US 10-year Treasury yield hit 3.58%, its highest level since April 2011; Ford sees additional $1 bn in inflationary costs, shares fall
Spot gold fell 0.5% to $1,667.33 per ounce by 1224 GMT, snapping two consecutive sessions of gains.
Sweden's central bank hiked rates by a greater than expected full percentage point on Tuesday and warned of more to come.
The benchmark 10-year Treasury yield hit its highest in over a decade on Monday and the dollar strengthened as investors were on edge before an expected hefty Fed interest rate hike
Analysts expect rupee to trade in the range of 78-80 per dollar, for now
Investors are bracing for volatility from the jumbo Federal Reserve interest-rate hike expected Wednesday to fight price pressures.
BofA sees UK and euro area falling into recession in the fourth quarter as surging energy costs take their toll on economies this winter
Spot gold slid 0.7% to $1,663.55 an ounce by 10:11 a.m. ET (1411 GMT), holding above its lowest since April 2020 hit on Friday.
Shares opened lower in Europe after a day of declines for most Asian markets, as investors braced for another interest rate hike this week by the US Federal Reserve. Britain was observing a day of mourning for Queen Elizabeth II. Japan's markets were closed for a holiday. Germany's DAX lost 0.3 per cent to 12,701.41 while the CAC 40 in Paris shed 0.9 per cent to 6,023.55. The future for the S&P 500 was down 0.6 per cent while the contract for the Dow industrials was 0.5 per cent lower. Markets have been on edge because of stubbornly high inflation and the increases in interest rates being used to fight it. The fear is that the Fed and other central banks might overshoot their policy targets, triggering a recession. Most economists forecast that the Fed will jack up its primary lending rate another three-quarters of a point when the central bank's leaders meet this week. Fact is, hawkish expectations built on the hot under the hood' US inflation print means that markets have good .
CLOSING BELL: Gainers outnumbered the losers on the frontline indices today, led by M&M, Bajaj Finance, SBI Life, Adani Ports, HUL, Bajaj Finserv, Nestle India, Eicher Motors, HDFC, ITC, and Infosys
The dollar held about 1% below a two-decade peak versus major peers at the start of a week that sees some dozen central bank decisions, headlined by the Federal Reserve on Wednesday
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
In the aftermath of the pandemic, the BSE MidCap Index had risen for 14 consecutive weeks, clocking 29% gain
Equity markets will be driven by the outcome of the US Federal Reserve's interest rate decision this week, analysts said. Moreover, equity benchmarks will also continue to be guided by foreign fund movement and trend in Brent crude oil, they added. "The global markets are looking nervous after the US inflation numbers, which have caused the dollar index to hover around 110," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Now everyone is eyeing the outcome of the upcoming US Federal Open Market Committee (FOMC) meeting. The Bank of England will also announce its interest rate decision, Meena said. He further added that institutional flows will play a critical role because foreign investors have turned sellers in the Indian equity market. "In absence of any major domestic data and events, participants will be closely eyeing the US Fed meet. Besides, the trend of foreign flow would also remain on their radar," Ajit Mishra, VP Research, Religare Broking Ltd, said. Las
The dollar in the last three sessions rose 0.7 per cent against the rupee
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