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.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan.
The move, which could come as a surprise to many investors, was a nod to better prospects for economy and labor market
Sumariwalla also said that the AFI is expecting at least 35 track and field athletes to take part in the Paris Olympics.
Among the Sensex firms, Asian Paints, Tata Steel, HCL Technologies, Nestle, Maruti, JSW Steel, NTPC and Larsen & Toubro were the major laggards. Sun Pharma, Bajaj Finserv, Reliance Industries, State Bank of India and Bharti Airtel were the gainers.
Modi, on his maiden visit to the UNESCO World Heritage Site, first took the elephant safari in Mihimukh area of the Central Kohora Range of the park followed by the jeep safari inside the same range.
Fundraising activity in the debt market is gaining momentum ahead of the festival season. Several non-banking financial companies (NBFCs) and the National Bank for Agriculture and Rural Development (Nabard) are planning to raise at least Rs 5,560 crore in the next two days by issuing bonds, with a greenshoe size of Rs 6,370 crore. Ajay Malglunia, managing director and head of investment grade group at JM Financial, said, "The market likes certainty, the market will gain clarity after the US Federal Reserve's (Fed's) policy.
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.
The value of FPIs (Foreign Portfolio Investors) holding in Indian equities reached $738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar. The value of FPIs investment was at $651 billion in the September quarter of the current fiscal. On a year-on-year basis, the value of such investments rose 26 per cent from $584 billion in December 2022.
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.
Clad in a yellow kurta with a saffron gamcha around his neck, atop an open saffron coloured vehicle, he was greeted by loud chants of "Modi! Modi! Modi Zindabad! 400 Paar Is Baar" all along the roadshow's route.
IMAGES from the IPL 2024 Eliminator played between Royal Challengers Bengaluru and Rajasthan Royals in Ahmedabad, on Wednesday.
Leading the Asian challenge after the first day was Korea's Byeong Hun An, who celebrated his return to the Tournament with a battling two-under 70 to share the ninth place.
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.
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.
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.
Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. "With the earnings season behind us, global cues would largely dictate the trend in the coming week," Ajit Mishra, SVP - technical research, Religare Broking Ltd, said.
Fed seen holding rates steady as investor confidence shakes
Isha Lakhani and Ankita Bhambri won their singles matches against Philippines.
Bullion may settle with limited upside potential
Analysts remain bullish on the road ahead for the equity markets, but warn against volatility on account of domestic and global cues. The upcoming Lok Sabha elections back home and the interest rate trajectory of the US Federal Reserve, they said, will be the two most important factors that the markets will keep a tab on. That apart, the valuation of the Indian markets, they feel, will also be eyed in context of how global peers are performing.
'Scores of important BJP MLAs are in touch with Akhileshji, but he has very humbly said that the SP's doors are now closed to BJP MLAs and leaders.'
India was less directly affected by the Chinese stock market rout and yuan devaluation that battered currencies and markets in the region.
Among the Sensex firms, NTPC, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank, Tata Steel, Asian Paints, Bharti Airtel, Power Grid, Titan and HDFC Bank were the major gainers. Bajaj Finance, Bajaj Finserv, Infosys, Tata Consultancy Services, Tata Motors and HCL Technologies were the laggards.
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.
Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI's interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. "On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8.
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.
Higher levels could not be sustained as participants offloaded their long positions in view of September series expiry.
Govt sees little Fed hike impact on 'fortressed' Indian markets.
NITI is trying to partner with other knowledge institutions.
Among the Sensex firms, UltraTech Cement, JSW Steel, Tata Motors, Bharti Airtel, State Bank of India, Larsen & Toubro, Infosys and Bajaj Finserv were the major gainers. On the other hand, NTPC and Tech Mahindra were the laggards.
Market breadth is positive with 942 advances and 196 declines.
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 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.
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