Glenn Maguire, chief economist (Asia Pacific) at Societe Generale, says that the Fed may raise rates once more, before pausing.\n\n
He adds that it is unlikely to see the Fed rate move above 5.5%.\n\n
An aggressive rate hike by the US Fed and the possibility of a recession can trigger a slide in these stocks, which will be a good opportunity to buy from a long-term perspective.
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.
There will very little direct impact from the US Fed's rate hike this time, as we are well prepared both to handle liquidity, outflow of FII funds and managing our currency. But that doesn't mean India will be out of the woods anytime soon, says M V Subramanian.
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.
He particularly expressed his disappointment with the US seeking more market for its goods in the developing economies, while putting restrictions on its import of services.
Bharti Airtel was the biggest gainer in the Sensex pack, rising 2.37 per cent, followed by Mahindra & Mahindra, HCL Tech, Tata Motors, Tech Mahindra, HDFC Bank, Wipro, Tata Consultancy Services, Axis Bank and Nestle. Asian Paints, Hindustan Unilever, Bajaj Finserv and NTPC were among the laggards.
The Pool B comprises Chinese Taipei, Japan, Thailand and Korea.
It could be a tough week In the run-up to such an event, the market is always nervous.
'From data on enquiries, we can build what we call a data lake or a data warehouse where data is classified into various cohorts and then we use AI and ML tools to predict demand down the line.'
US won 4-1 against Argentina in the Fed Cup World Group II tie.
The US Federal Reserve on Wednesday surprised the markets by saying it will continue with its monthly $85-billion bond buying programme and wait for more evidence of growth recovery.
The chances of a rate cut in September have risen.
The AAP will contest all the 90 assembly seats in Haryana on its own, but the Lok Sabha polls will be fought as part of the INDIA bloc, Kejriwal said.
Crucially, the US central bank softened the blow by making its forward guidance even more dovish.
She pulled out of the Fed Cup semi-finals against the US as she is not fully fit.\n
It is operations of a different kind at the international airport here when FedEx's "midnight hub" comes alive, taking advantage of the complete pause in the activities at the airport for four hours every night.
Announcement of macroeconmic data such as industrial production and inflation, the US Federal Reserve's interest rate decision along with trends in global equities would dictate movement in the stock market this week, analysts said. Besides, foreign fund trading activity would also guide the trends in equities. "All eyes are now on the US Fed policy outcome for cues, which is scheduled on June 14. In the following sessions, the European Central Bank (ECB) and Bank of Japan (BoJ) will also announce their policy decisions.
In the offshore non-deliverable forwards, the one-month contract was at 61.56/66, while the three-month contract was at 62.16/26.
Investors turned cautious ahead of the US Fed meet outcome later today and July F&O expiry.
With US Fed increasing interest rates to 3%, equity money flows into emerging markets like India could be impacted in the medium term.
The US economy could show resilience around the second or third quarter on the housing front, which will increase chances of rate hikes
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
From the Sensex pack, Bharti Airtel, HDFC Bank, Titan, UltraTech Cement, ITC, Sun Pharma, Bajaj Finserv, Bajaj Finance, Hindustan Unilever and Kotak Mahindra Bank were among the major gainers. Tata Steel, Axis Bank, NTPC, ICICI Bank and IndusInd Bank were the major laggards.
'Since childhood we've said 'tumhare mu mein ghee shakkar'.' 'That's why I am moving away from sweet sweet films and concentrating on films like Tiger.'
Netherlands' dream run in the Fed Cup ended agonisingly short of the final when they lost the deciding doubles rubber of a thrilling semi-final against France in Trelaze.
Shreyas Iyer trained hard in the nets with the aim of overcoming his longstanding struggles ahead of the World Cup game against Sri Lanka.
This was the weakest endorsement ever extended to a chairman in the central bank's 96-year history.
Markets end higher ahead of Fed outcome, China stimulus
The mid-and small-cap segments at the bourses have outperformed their larger peers thus far in fiscal 2023-24 (FY24). While the S&P BSE Small-cap index has surged around 5.7 per cent in FY24, the S&P BSE Midcap index has gained 4 per cent during this period. In comparison, the S&P BSE Sensex has moved up around 2.2 per cent.
Former World No 1 Ana Ivanovic has pulled out of Serbia's Fed Cup World Group playoff tie with Slovakia next month over poor form.
From the Sensex pack, Infosys, HCL Technologies, Infosys, NTPC, Mahindra & Mahindra, Tata Consultancy Services, Nestle, Tech Mahindra and Bajaj Finance were the major gainers. Power Grid, Larsen & Toubro, Maruti, Titan, HDFC Bank, Wipro, HDFC and ITC were among the laggards.
Victories over the Philippines and Chinese Taipei put India in sight of a place in the final in the Asia-Oceania zonal qualifying round.
For a variety of reasons it would seem that endangering the dollar is in the interest of the Wall Street at this point in time. The Fed has merely obeyed its masters at Wall Street. Good luck to the US dollar!
The world economy has been run for too long by finance enthusiasts. It is time that finance sceptics began to take over.
Treat yourself to two of Chef Satish Arora's signature five-star dishes.
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