Total trade volumes in the regular secondary bond market were at Rs 21,150 crore on Thursday
Investors were initially cheered that the Fed at least opened the door to a slowdown in the pace of hikes after raising interest rates 75 basis points to 3.75-4.0%
Oil prices rose on Wednesday before an expected rate hike by the Federal Reserve, supported by another decline in US oil inventories as refineries picked up activity ahead of the winter heating seas
A rally in the US markets amid hope of a softer central bank (US Fed) action going ahead, analysts believe, has the potential to fuel a rally in other global equity markets, including India
The ongoing quarterly earnings season, the Reserve Bank's special meeting of its rate-setting committee and the US Fed interest rate decision are the major events that would dictate trends in the equity market this week, analysts said. Besides, auto sales numbers and macroeconomic data to be announced during the week would also influence trading in the equity market. Purchasing Managers' Index (PMI) data for the manufacturing sector would be announced on Tuesday, while the services sector numbers are scheduled to come on Thursday. "FOMC (Federal Open Market Committee) meeting, RBI MPC meeting, auto sales numbers and Q2 earnings will drive the market this week. The market will have an eye on the unscheduled RBI MPC meeting. We are heading toward the last batch of Q2 earnings, which will lead to stock-specific movement. October auto sales numbers will be important because they will tell us about festival demand," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. T
Spot gold was little changed at $1,663.30 per ounce, as of 0811 GMT, while U.S. gold futures fell 0.2% to $1,666.20
Global stock markets mostly gained Wednesday on hopes the Federal Reserve might ease off plans for interest rate hikes, while London opened lower after Britain installed its third prime minister this year amid an economic crisis. Other European markets gained. Shanghai, Tokyo and Sydney closed higher. The euro edged above $1. The future for Wall Street's benchmark S&P 500 index declined after gaining for a third day Wednesday after bond prices rose. That suggested some investors expect the Fed to ease off rate hikes as economic activity cools. Traders see weaker US housing prices and other data as support for a dial back of Fed plans at its December meeting, said Vishnu Varathan of Mizuho Bank in a report. In early trading, the FTSE 100 in London lost 0.2% to 7,001.84 after Prime Minister Rishi Sunak warned Tuesday of a profound economic crisis. The DAX in Frankfurt gained 0.7% to 13,146.40 and the CAC 40 in Paris added 0.4% to 6,274.66. On Wall Street, the S&P 500 future lost
This Fed rate-increase cycle, which has already delivered a total of 3 percentage points in just over six months, is the most front-loaded one in a long time
The bond market is enduring its worst selloff in a generation, triggered by high inflation and the aggressive interest-rate hikes that central banks are implementing
SATISH RAMANATHAN, chief investment officer for Equity at JM Financial Asset Management shares his outlook for the markets and his sector preferences
Dip in dollar, bonds, and oversold markets boost global equities
High inflation will keep the markets on edge as they were hoping that the global central banks, especially the US Fed and the RBI will go soft on rate hikes over the next few months
Gold prices were steady as market participants refrained from making big moves ahead of key US inflation reading that could influence the size of the Federal Reserve's next interest rate hike
The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a US jobs report that firmed bets of more aggressive rate hikes
Spot gold was up 0.5% at $1,667.89 per ounce, as of 0603 GMT. U.S. gold futures were 0.2% higher at $1,675.30
The 7% drop came as investors grappled with persistently high inflation, a surging dollar and jumbo interest-rate hikes across the world that threaten to choke economic growth
Central bank's rate hike and easing dollar index lend support to domestic currency
The reluctance of the RBI to change stance from 'withdrawal of accommodation' indicates that more monetary policy tightening is likely to be in the pipeline, analysts said
Spot gold fell 0.6% to $1,619.79 per ounce, as of 0854 GMT. U.S. gold futures slipped 0.5% to $1,627.60
Spot gold was little changed at $1,645.47 per ounce as of 0724 GMT. Prices fell as much as 1% earlier in the session to hit $1,626.41, their lowest level since April 2020