RBI will not follow US Federal Reserve's cue of cutting rates, as Indian conditions differ greatly from US.
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.
India on Wednesday announced a four-member team with Sania Mirza as the spearhead for the Fed Cup Asia/Oceania Group I & II matches scheduled in Bangkok from January 28-February 3.
India were on Saturday relegated to Group II of the Asia/Oceania zone after their humiliating 0-3 defeat against Chinese Taipei in the Fed Cup play-off tie here.
'When the chief minister saw how Manoj Jarange Patil had successfully held the state government hostage to his whims, Eknath Shinde knew he had a very clear chance of enamouring himself to these Maratha agitators by accepting Patil's demands.'
The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. Moreover, the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off mood and firm crude oil prices weighed on the rupee.
The next policy meeting will be in mid-June, when the panel will be joined by Stanley Fischer, the former Bank of Israel governor whose nomination to the Fed's board was confirmed on Wednesday by the US Senate.
Karman struggled to contain her unforced errors but prevailed 6-3 6-4 win over Eudice Chong to give India a 1-0 lead in the Asia/Oceania Group I tie.
The Russian Fed Cup team were hailed by the local media following their semi-final victory in the U.S. at the weekend, while the hosts were criticised for their choice of venue and the treatment of the visiting captain.
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
A man was arrested in connection with the incident and questioned.
If the war in the Israel-Gaza region escalates into a larger West Asian conflict, it could pose problems.
Maria Sharapova came to Russia's rescue on her Fed Cup debut to pull the holders level at 1-1 in their world group first-round tie against Israel.
Jelena Jankovic steered Serbia into their first Fed Cup final when she thrashed Svetlana Kuznetsova 6-1, 6-4 in the second reverse singles on Sunday.
Rupee ends flat against dollar ahead of Fed policy outcome.
Global funds, according to Christopher Wood, global head of equity strategy at Jefferies, are now beginning to pay more attention to India with the market now offering 30 companies with a market capitalisation over $25 billion.
State Bank of India was the biggest loser in the Sensex pack, shedding 1.69 per cent, followed by Asian Paints, Kotak Mahindra Bank, HCL Technologies, Reliance Industries, Wipro, IndusInd Bank, Infosys, Power Grid and HDFC twins. In contrast, Nestle, Maruti, Bharti Airtel, Tata Motors, ITC and Hindustan Unilever were among the gainers.
The markets, at this point, have rallied on the view that the Fed will not budge from the zero-bound as long as inflation remains subdued
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
Ankita Raina and Karman Kaur Thandi will have to punch above their weight when the battle to qualify for Fed Cup tennis tournament's World Group II,
What's different this time is that global financial stress -- which has its genesis in four policy choices made in recent years -- is juxtaposed with a more resilient real economy, observes Sajjid Z Chinoy, chief India economist at J P Morgan.
Tara Iyer and Ankita Bhambri blanked their opponents as India beat Jordan 3-0 in the Fed Cup.
There is anecdotal evidence that the US economy is really, sharply slowing.
Maria Sharapova has committed herself to playing in Russia's Fed Cup first round tie against Spain in February, the World No 4 said.
India will be led by newly-crowned world number one Sania Mirza as 11 nations will strive to get promotion to Asia/Oceania Group I when the Fed Cup tennis competition begins in Hyderabad.
Month-end dollar demand from oil companies mainly affected the rupee value against the US currency, a forex dealer said.
'It is the best avenue for investors who would like to take long-term exposure to gold.'
Images from the US Open women's semi-finals on Thursday.
Historically, March has been a volatile month for Indian equity markets. To begin with, it marks the end of a financial year, wherein there is some compulsive portfolio rebalancing trade by large funds - domestic and foreign. Retail investors, too, prefer to 'cash in' on their gains and losses before the financial year runs out.
'These frequent visits show the BJP fears that the Congress will retain power.'
Indian captain Sania Mirza led from the front as the hosts registered a 2-1 victory over Philippines.
Li Na beat Germany's Kathrin Woerle 7-5, 7-5 to secure China's place in the Fed Cup elite for the first time
Upon his arrival, the PM was accorded a welcome by the pachyderms and he fed sugarcane to some of the elephants in the Theppakkadu camp at the tiger reserve in Mudumalai.
Equity benchmarks declined on Thursday after a two-day rally, mirroring a weak trend in the US markets and fresh foreign fund outflows. Weak US consumer data and hawkish comments from the Fed's policymakers dragged markets lower. The 30-share BSE Sensex dropped 187.31 points or 0.31 per cent to settle at 60,858.43.
Roberta Vinci sent Italy into the Fed Cup final for the fifth time in eight years with a 6-2, 6-7, 6-3 victory over CzechRepublic's Lucie Safarova in Palermo on Monday.
Sania Mirza will lead the four-member Indian side in the upcoming Asia/Oceania Group I tie of the Fed Cup tennis tournament.
Macroeconomic data announcements, global trends and trading activity of foreign investors would guide momentum in the equity market this week, analysts said. Markets ended a five-week losing streak and gained nearly a per cent last week, helped by a sharp rebound on Friday. Last week, the BSE benchmark jumped 500.65 points or 0.77 per cent and the Nifty gained 169.5 points or 0.87 per cent.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances