Stocks tumbled on Thursday as investors fretted the Fed might need to take more drastic action to bring inflation under control
After rising over 900 points in early trade, Sensex ends flat at session's end
CLOSING BELL: Around 3:30 PM, the mega IPO of Life Insurance Corporation (LIC) was subscribed 91 per cent with policyholders' quota seeing a subscription of 2.79 times
Monetary policy response will help preserve macro-financial stability, says RBI governor as he announces benchmark rate hike
At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.
In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine
The Fed has taken an increasingly aggressive approach to monetary policy as it tackles inflation that is soaring at its fastest pace in 40 years
The market is concerned that the Fed could be quite hawkish, pricing in a 50 basis point hike, and it could be 75 basis points in July, said Stephen Innes, managing partner at SPI Asset Management
As interest rates rise, the debt pressures are mounting on developing countries, and we need to move urgently towards solutions, World Bank President David Malpass said
After a lull, a rebound in the market has lifted new-age technology stocks off their lows in the last one month. Is the magic returning to new-age tech stocks or it's a short-term euphoric overshoot?
Business Standard brings you the top headlines this morning
Nearly 7% retail inflation in March may spur policy tightening
Annual retail inflation shot up to a 17-month high of 6.95 per cent in March from a year ago, remaining above the tolerance limit of the Reserve Bank of India (RBI) for a third straight month
The RBI's hawkish approach has taken markets by surprise. It has kicked-off a rate tightening cycle to tame inflation that spiked to 6.95% in March. What're the investment options in this scenario?
Prepare for rate hikes faster than expected
The dollar index rose as high as 100 in early European trading hours, its best level since May 2020. It later lost some momentum and was last broadly flat at 99.844.
Gold is highly sensitive to rising U.S. interest rates and Treasury yield, which increase the opportunity cost of holding the non-yielding bullion, while boosting the greenback in which it is priced
Federal Reserve officials 'generally agreed' last month to trim $60 bn per month from the US central bank's Treasury holdings and $35 bn from its holdings of mortgage-backed securities
Gold prices steadied on Wednesday with concerns over high inflation offsetting expectations of an aggressive interest rate hike by the US Federal Reserve
Gold held steady on Tuesday as safe-haven demand spurred by the possibility of new sanctions on Russia countered a rise in US Treasury yields and expectations of interest rate hikes by Federal Reserve