Markets Wrap – Tue, 28 Feb ‘23: Nifty, Sensex fall, rupee gains; Asia, US markets, Gold, Crude updates

Domestic indices ended Tuesday’s volatile session broadly in red. The Nifty settled above the crucial 17300 level while Sensex closed below 60000. Meanwhile, the banking index, Bank Nifty closed below 40,300. The top gainers on the Nifty 50 were Adani Enterprises (up 14.90%), Adani Ports (up 5.11%), Asian Paint (up 3.02%), Britannia (up 1.08%) and […]

Share market fairly priced, here’s what may work well for investors; Relief rally post Fed meet to benefit EMs

By Unmesh Sharma The FOMC policy statement and press conference had enough fodder for both the pessimists and optimists. The 75bps hike was communicated clearly and hence well expected and priced in. The commentary and indeed the press conference which followed were yet again a masterclass in communication by the US Fed. The market reaction […]

MCX Crude oil June futures to hit Rs 9,500/bbl this week as EU bans Russian oil, China lifts COVID lockdown

By Jigar Trivedi WTI crude futures rallied towards $119/bbl, recording the sixth weekly advance. Prices have been marching higher in the previous week as the EU succeeded in banning Russian oil, Chinese lockdowns were lifted and the US summer driving season got underway. Meanwhile, OPEC+ agreed to production hikes of 648,000 barrels a day for […]

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