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
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
Spot gold was flat $1,863.16 per ounce by 1144 GMT, after touching its lowest since Feb 16 of $1,849.90 earlier.
The US Fed is all set to announce its second consecutive rate hike, a first in 16 years. A 50-basis point rate hike has already been priced in by the markets. But is it prepared for a higher quantum?
While the general consensus is of 6-7 rate hikes this year by the US Fed, there are some who expect lower rate hikes and a slowdown in the economy
Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023
CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
Apart from Fed rate hike, inflation and Russia-Ukraine war, it is the challenges within the soonicorn ecosystem that could spoil the billion-dollar party for many enterprises.
The dollar's gains have been most striking against the yen, climbing to its highest level of 128.32 yen against the Japanese currency since May 2002
Earlier in January, Goldman Sachs had raised their 12-month gold price forecast to $2150 an ounce on the view that an impending US growth slowdown would lead to increased concerns of a US recession
Goldman Sachs expects the US Federal Reserve to raise interest rates by 50 basis points each at its May and June meetings, following hawkish remarks by the central bank's chair Jerome Powell.
CLOSING BELL: JSW Steel, Titan Company, SBI Life, RIL, Kotak Bank, Tata Consumer Products, Tata Steel, Nestle India, and Eicher Motors were the other notable gainers
The dollar fell on Wednesday after the U.S. Federal Reserve moved to a hawkish monetary policy but without delivering a tougher surprise that might have added to its weeks-long momentum
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 dollar hit a five-year high against the yen on Monday, as traders braced for the U.S. Federal Reserve to begin hiking rates, while reckoning the Bank of Japan remains dovish
Global share markets slid on Thursday as U.S. inflation hit almost 8%, making it almost certain the U.S. Federal Reserve will raise interest rates next week
The Budget and RBI's last policy took a conservative estimate of crude prices $75 per barrel. This is likely to be a challenge going forward, economists say
CLOSING BELL: Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, down up to 6.5 per cent
In a Q&A, founder and MD of Valentis Advisors, Jyotivardhan Jaipuria talks about how on a tactical basis, his outfit has been adding to cash levels over the past quarter
HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today