CLOSING BELL: Shares of One97 Communications, the parent company of digital payments major Paytm, tanked 14.5 per cent to hit a new low of Rs 662 on the BSE in Monday's intra-day trade
The central bank in December announced plans to buy its last tranche of government securities in February, sooner than it had projected just a month earlier.
All the sectoral indices ended the day in the red with the Nifty Realty, Metal, and PSU Bank indices dropping up to 3 per cent
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues
The Fed said the Treasury will provide $10 billion of credit protection to the central bank's commercial paper operation
People remain a little skeptical on how much rate cuts can aid economic recovery at a time when coronavirus is getting a tighter grip on the world
Trump has repeatedly criticised Fed Chair Jerome Powell in the recent past and has said that the bank has kept interest rates too high
The Fed is scheduled to release its latest policy decision at 2 pm EDT (1800 GMT)
The Fed cut rates last month for the first time in a decade and signalled it was open to doing more amid slowing global growth
Fed chair Jerome Powell, later in the presser, said that the rate cut has been in the pipeline for a while and doesn't necessarily portend a long cycle of rate cuts
With the US-China trade standoff still to be resolved and with Brexit also in limbo, a cut in rates should help to assuage sentiment
Said, 'Hurricanes Harvey, Irma, and Maria inflicted severe hardship, but past experience suggests storms unlikely to materially alter course of national economy over medium term'