The market had been lower earlier as interest rate hikes in the United States, Britain and Switzerland fed concerns about a slowdown in global economic growth.
Morgan Stanley said RIL's margins would be 50 per cent above its last peak season in mid-2008
Weekly jobless claims fall 3,000 to 229,000; continuing claims rise 3,000 to 1.31 mn
The Federal Reserve has just delivered its biggest interest rate rise in over a quarter of a century and even the hitherto dovish Swiss National Bank has taken markets by surprise
In five trading days, the Sensex has dived 3,824.49 points, or 6.91%
US Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it. Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession. A worse-than-expected inflation report for May consumer prices rocketed up 8.6 per cent from a year earlier, the biggest jump since 1981 helped spur the Fed to raise its benchmark interest rate by three-quarters of point on Wednesday. Not since 1994 has the central bank raised its key rate by that much all at once. And until Friday's nasty inflation report, traders and economists had expected a rate hike of just half a percentage point on Wednesday. What's more, several more hikes are coming. The soft landing the Fed has hoped to achieve slowing inflation to its 2 per cent goal without derailing the economy is becoming both trickier and riskier than Powell had bargained for. Each rate hike means
CLOSING BELL: The S&P BSE Sensex and the Nifty50 indices hit fresh 52-week lows as they spiraled 2 per cent down
Spot gold fell 0.3% to $1,827.60 per ounce by 0546 GMT. U.S. gold futures rose 0.6% to $1,830.60.
On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday.
In a note, IIFL Alternative Research has highlighted five market breadth indicators that signal extreme caution among investors
The value of the global crypto market has tumbled 70% to under $900 billion from a peak of $2.97 trillion in November, CoinMarketCap data shows
Chairman Jerome Powell and colleagues on Wednesday intensified their effort to cool prices by lifting the target range for the federal funds rate to 1.5% to 1.75%
Market heavyweights Apple Inc, Meta Platforms , Alphabet Inc, Microsoft Corp and Amazon.com Inc added between 1.3% and 2.5%
Brent crude futures for August were down $1.27, or 1%, at $119.90 a barrel as of 1001 GMT, in volatile trading
The euro jumped almost 0.75% to $1.0487 pushing the dollar index off a 20-year high in the process.
CLOSING BELL: NTPC, Infosys, HUL, Wipro, and RIL slipped over 1 per cent each
US Federal Reserve officials are beginning to signal that their efforts to tackle scorching inflation by raising interest rates may lead to higher unemployment, said a report
What is PM Modi's 'one million job' drive? Why's govt asking food apps to ramp up complaint-redressal? Will US Fed rate hike trigger market selloff? What are the different economies? Answers here
Soaring inflation and recession fears pose a dilemma before the US Fed on the quantum of rate hikes without derailing growth. Find out if investors would be able to withstand the likely market rout
On a monthly basis, producer prices climbed 0.8 per cent in May from April when they increased 0.4 per cent