The Sensex gained as much as 807 points, or 1.4 per cent, in intra-day trade only to give up all the gains to end at 57,200, with a loss of 77 points
Nikkei declined 2.93%, its fourth straight weekly drop, as Japanese stocks joined a global sell-off.
The Federal Reserve on Wednesday signaled it is likely to raise US interest rates in March
The 'dot-plot' forecast of FOMC's median forecast suggested three rate hikes in 2022, revised up from one earlier
Rate hike signal intensifies sell-off; Sensex down 6.5% in 7 sessions
A day after Fed flagged that it was ready to start lifting rates in March to contain inflation, money markets moved to price in as many as five quarter-point increases by year-end
LONDON (Reuters) - Oil traded at a seven-year high of about $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the U.S. Federal Reserve will tighten monetary policy.
(Reuters) - Gold prices extended losses to an over one-week low on Thursday as the U.S. dollar and Treasury yields rallied after U.S. Federal Reserve Chairman Jerome Powell signalled an interest rate hike in March.
The US Federal Reserve has indicated that they will begin hiking interest rates in the near future and that there will be multiple rate hikes this year.
Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each
Oil prices fell on Thursday as the US dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world's biggest oil user
SHANGHAI (Reuters) - Asian shares plunged to their lowest in nearly 15 months, short-term U.S. yields hit 23-month highs and the dollar strengthened on Thursday after the Federal Reserve's chairman signalled plans to steadily tighten policy.
Business Standard caught up with Vaibhav Sanghavi, Co-CEO, Avendus Capital Public Markets Alternate Strategies on what the street expects from Budget and impact of US Fed policy on emerging markets
The government is likely to put several non-strategic public sector undertakings on the block next year. More on that in top headlines.
Central bank signals likely to raise rates in March; stocks slide into negative territory after Powell remarks
The Dow Jones Industrial Average fell 129.64 points, or 0.38%, to 34,168.09, the S&P 500 lost 6.52 points, or 0.15%, to 4,349.93
Wall Street's main indexes climbed after two turbulent sessions and ahead of the outcome of a Federal policy meeting, with a stellar outlook from Microsoft boosting technology stocks
U.S. S&P futures jumped 1.34%, indicating a stronger open on Wall Street, after the S&P 500 index lost 1.22% in the previous session.
MSCI's broadest index of Asia-Pacific shares outside Japan was unchanged, after sharp losses earlier in the week
"Gold's resilience of late is set to be tested by the latest policy signals emanating from the FOMC today," said Extinity analyst Han Tan.