Stronger yuan, resumption of FPI flows into stocks bolster rupee
Bank of England the latest to push back against hawkish bets; Fed seen as most aggressive, driving record gains for dollar
With the benefit of hindsight, India's stealth bull market is underpinned by some strong positives. The most important of these is earnings growth across different sectors
In the week ahead, Indian markets will focus on the last leg of Q2 results and macro-economic data for further cues on direction. Here's a report
US employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve's aggressive efforts to cool it down.
The rupee is tipped to open at around 82.70-82.75, compared with 82.88 in the previous session.
Gold prices were little changed on Friday, but the metal was headed for a second straight weekly drop as a stronger dollar and U.S. Federal Reserve's hawkish policy stance clouded outlook
The broader NSE Nifty dipped 30.15 points or 0.17 per cent to end at 18,052.70
Total trade volumes in the regular secondary bond market were at Rs 21,150 crore on Thursday
Synchronised rate hikes by large central banks would increase financial stability risks
According to reports, North Korea has fired at least one ballistic missile toward its eastern sea, the latest in a series of weapons tests that have raised tensions in the region
OPEC and its allies including Russia, known collectively as OPEC+, also decided to cut targeted output by 2 million bpd from this month
The Japanese yen eased 0.2% against the dollar to 148.18, as traders continue to watch for any further official intervention to shore up the battered currency
The 10-year U.S. yield rose above 4.10%, but the two-year US yield, which is a more direct indicator of rate expectations, rose closer to its highest level in over 15 years
Benchmark indices finished on a weak note on Thursday, extending their previous day's decline amid a negative trend in global equity markets after the US Fed hiked interest rates by 75 basis points. The 30-share BSE Sensex declined 69.68 points or 0.11 per cent to settle at 60,836.41. During the day, it tanked 420.95 points or 0.69 per cent to 60,485.14. Similarly, the broader NSE Nifty dipped 30.15 points or 0.17 per cent to end at 18,052.70. From the Sensex pack, Tech Mahindra, PowerGrid, NTPC, Infosys, Wipro, HDFC, Tata Consultancy Services and Mahindra & Mahindra were the major laggards. State Bank of India, Titan, Bharti Airtel and Hindustan Unilever were among the winners. Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong ended lower. Stock exchanges in Europe were trading in the negative territory in mid-session deals. Wall Street had ended significantly lower on Wednesday. "Fed's refusal to tone down the rate hike narrative shattered the global markets as ...
Higher US interest rates increase the opportunity cost of holding the non-yielding asset and boosts the dollar
In September review, panel talked about aggressive monetary policy actions and stances across the world
The rupee is expected to open at around 82.85-82.90 to the dollar, compared with 82.7800 in the previous session.
The Federal Reserve pumped up its benchmark interest rate on Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes. The Fed's move raised its key short-term rate to a range of 3.75 per cent to 4 per cent, its highest level in 15 years. It was the central bank's sixth rate hike this year a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession. But in a statement, the Fed suggested that it could soon shift to a more deliberate pace of rate increases. It said that in coming months it would consider the cumulative impact of its large rate hikes on the economy. It noted that its rate hikes take time to fully affect growth and inflation. Those words indicated that the Fed's policymakers may think borrowing costs are getting high enough to possibly slow the economy and reduce inflation. If so, that would suggest that they don't need to ..
Some companies and restaurants have continued to raise prices on consumers even after their own inflation-related costs have been covered