The rupee has depreciated by 0.6 per cent so far in the current financial year.
'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'
Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates.
Govt sees little Fed hike impact on 'fortressed' Indian markets.
Among the 30 Sensex companies, Axis Bank, ICICI Bank, HDFC Bank, Tech Mahindra, Larsen & Toubro, Bajaj Finserv, State Bank of India, Reliance Industries and Infosys were the biggest gainers. Power Grid, Asian Paints, Tata Steel, Nestle, Maruti and JSW Steel were among the laggards.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
Fed policymakers' deepening uncertainty about their own projections has resulted in the central bank sending mixed messages
In signs that the country's growth is on track, the economic activity across the country improved in recent months, according to the US Federal Reserve.
Asian emerging market stock prices did see a bounce post Fed-talk.
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
Years of unprecedented stimulus has left the Fed swollen with $4.5 trillion in bonds
The Reserve Bank of India has already reduced the policy rate by a total of 75 basis points, or 0.75 per cent, since January.
The Fed has said it wants to be "reasonably confident" in the inflation outlook before a rate hike.
Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings from IT majors TCS and HCL Technologies would guide investor sentiments, analysts said. Markets may consolidate after the record rally last week, experts added. "On the domestic front, the Q1 earnings season begins this week. Key companies such as TCS and HCL Technologies will release their earnings on July 11 and 12, 2024, respectively.
Getting out of the zero-rate armchair was overdue, and many in the market will be glad it has finally happened
From the Sensex basket, NTPC, Power Grid, IndusInd Bank, Tata Steel, Tata Motors, JSW Steel, Tech Mahindra and Larsen & Toubro were the biggest gainers. Bharti Airtel, Maruti, ICICI Bank and Asian Paints were the laggards.
Many things are going unnoticed by India watchers.
The bias for the BSE benchmark index, technical charts suggest, is likely to remain bullish as long as the index holds above 75,600 levels for the rest of the year.
As the results season kicks in, the quarterly earnings numbers of several blue-chip firms -- such as Infosys and Reliance Industries -- along with global trends and trading activity of foreign investors, will determine equity market movement in the holiday-shortened week ahead, according to analysts. The domestic WPI inflation data for June -- scheduled to be announced on Monday -- will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
Improvements in the labour market has triggered this sentiment.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
Market breadth is positive with 942 advances and 196 declines.
Markets now expect the Fed to normalise rates gradually.
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.
Debt mutual fund (MF) schemes, which witnessed relatively muted inflows in the past three years, saw a surge in investor interest in April amid election-induced volatility in the equity markets. Active debt funds garnered nearly Rs 66,000 crore net inflows in April, most at least since December 2020.
The risk of a collision between the Federal Reserve and the markets grew on Friday after Fed governor Randall Kroszner made it clear that the US central bank was not planning to cut interest rates at its next policy meeting, but was largely ignored by investors.
Also keenly watching inflation numbers, with wholesale inflation data expected today
RBI will not follow US Federal Reserve's cue of cutting rates, as Indian conditions differ greatly from US.
The rupee had plunged by 48 paise, logging its biggest fall in more than five weeks, to close at over one-month low of 61.13 against the greenback on Monday following demand for the US currency from importers.
RBI's tricky strategy to ease market's pre-Fed jitters.
Rajan has ignored pressure to loosen policy.
The Reserve Bank of India on Friday revised upwards the GDP growth projection for the current fiscal to 7.2 per cent from 7 per cent on rising private consumption and revival of demand in rural areas. Unveiling the bi-monthly monetary policy, RBI Governor Shaktikanta Das said estimates released by the National Statistical Office (NSO) placed India's real gross domestic product (GDP) growth at 8.2 per cent in 2023-24. "During 2024-25 so far, domestic economic activity has maintained resilience," he said, adding that manufacturing activity continues to gain ground on the back of strengthening domestic demand.
Fed keeps rates unchanged, sets up possible December hike
There is anecdotal evidence that the US economy is really, sharply slowing.
The Federal Open Market Committee, which decides on rates, struck a positive note, saying economic activity had continued to pick up in recent months and the housing sector is improving.
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
Sania Mirza will lead the four-member Indian side in the upcoming Asia/Oceania Group I tie of the Fed Cup tennis tournament.
The US Federal Reserve late on Tuesday slashed its lending rate from 1 per cent to zero to 0.25 per cent.
