The central bank maintained its bias towards a rate hike.
Fed keeps rates unchanged, sets up possible December hike
Asian emerging market stock prices did see a bounce post Fed-talk.
Among the Sensex firms, Kotak Mahindra Bank, Axis Bank, Bharti Airtel, Sun Pharma, HCL Technologies, Mahindra & Mahindra, Titan and Tata Consultancy Services were the biggest gainers. UltraTech Cement, NTPC, Maruti, JSW Steel, Power Grid and Tata Motors were among the laggards.
US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down, suggests R Jagannathan.
Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan.
In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and China's recovery disappoints.
In an interview with PTI, Roy praised the Union government for implementing the Citizenship Amendment Act (CAA) rules, stating that it would benefit the refugee population, including the Matua community, who had fled neighbouring countries to escape religious persecution.
The move, which could come as a surprise to many investors, was a nod to better prospects for economy and labor market
Kamal Haasan is right where he left off from the first film but there is only so much he can do to salvage an already lost cause, observes Arjun Menon.
Real Madrid strike late to beat Dortmund and win 15th UEFA Champions League
'With China falling out of favour, India is where investors see the demographic and digital dividend apart from the benefits of reforms playing out.' 'Your prime minister has also done a great job of sharing this story with the world.'
From the Sensex basket, Tech Mahindra, Tata Steel, JSW Steel, HCL Technologies, Tata Consultancy Services, Larsen & Toubro and Kotak Mahindra Bank were the biggest laggards. Mahindra & Mahindra, Power Grid, Bajaj Finance, IndusInd Bank and Maruti were the major gainers.
The Fed has said it wants to be "reasonably confident" in the inflation outlook before a rate hike.
Fed is still concerned about weak export growth.
Russia retained their Fed Cup title on Sunday after Svetlana Kuznetsova beat Spanish number one Anabel Medina Garrigues in a thrilling match to take an unassailable 3-0 lead.
Isha Lakhani and Ankita Bhambri won their singles matches against Philippines.
Billie Jean King helped the United States win the inaugural Fed Cup, the team event is being re-named in honour of the greatest trailblazer in women's tennis.
Get ready to have your heart stolen, says Rediff.com's Hitesh Harisinghani.
Fed seen holding rates steady as investor confidence shakes
Bullion may settle with limited upside potential
India was less directly affected by the Chinese stock market rout and yuan devaluation that battered currencies and markets in the region.
Hero MotoCorp was the top gainer in the Sensex pack, spurting 4.46 per cent. IndusInd Bank, Tata Motors, Vedanta, SBI, M&M, Sun Pharma, Tata Steel, HDFC and HDFC Bank too rose up to 3.63 per cent.
Outsiders France face a daunting task when they take on 2014 and 2015 champions Czech Republic at the Fed Cup final in Strasbourg this weekend.
Former world number one Amelie Mauresmo is stepping down as France's Fed Cup captain as she is expecting her second child, she said on Monday.
The incident took place on May 27 while the elephant was standing in water and forest officials said that it died standing in river Velliyar after it suffered an injury in its lower jaw.
Govt sees little Fed hike impact on 'fortressed' Indian markets.
NITI is trying to partner with other knowledge institutions.
The US Fed also said that the unemployment rate too would rise to 5.7 per cent.
The chief beneficiary of the cycle of interest rate cuts and liquidity injections will be emerging markets, specifically Asia.
The three MLAs -- Sombir Sangwan, Randhir Gollen and Dharampal Gonder -- also said that they have decided to extend support to the Congress during the elections.
Higher levels could not be sustained as participants offloaded their long positions in view of September series expiry.
Market breadth is positive with 942 advances and 196 declines.
'There was a strong undercurrent of deprivation, and also frustration against misuse of power and authority.' 'This election was an opportunity for the manifestation of this discontentment.'
Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7.
The torch for the Paris 2024 Olympic Games was lit in ancient Olympia
The Czech Republic further established themselves as the dominant force in women's team tennis as they claimed a 3-2 comeback win against hosts France to capture their fifth Fed Cup title in six years on Sunday, and 10th overall. Karolina Pliskova and Barbora Strycova downed Kristina Mladenovic and Caroline Garcia 7-5 7-5 in the doubles to hand the visitors the decisive point. The nation won five titles as Czechoslovakia in the 1970s and 80s before dominating the women's team competition in recent years.
Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED & fear'. While most investors and the media are focused on United States (US) Federal Reserve policy and the "endless chatter" of Fed governors, Wood believes the news flow in the financial sphere "pales into complete insignificance" compared with the "tectonic shifts" going on in geopolitics.
"Just three months more," says mom-to-be Deepika Padukone in a witty reply when asked if she is still in her character of a pregnant woman from her coming film Kalki 2898 AD.
