US Stocks: Futures muted as Fed minutes confirm more tightening aheadUS stock index futures were muted on Thursday after the Federal Reserve’s December meeting minutes showed the central bank’s commitment to taming inflation, with focus turning to key employment data for more clues on the rate hike trajectory. Wall Street‘s main indexes erased some of […]
Over the course of the years, the index has seen cyclical lows in the month of May. This prompted the birth of the saying ‘Sell in May and go away’. However, an ICICIdirect report examined the performance of the Nifty 50 index over the past two decades to determine if the statement holds true in […]
By Nilesh Shah The RBI has finally bitten the bullet towards change in policy stance by being “less accommodative” even as it kept the policy repo rate unchanged with a unanimous vote. They have managed this by introducing a new tool SDF (standing deposit facility) as means to manage liquidity more efficiently. The RBI has […]
By Siddhant Mishra Indian equities witnessed a see-saw trade, zooming over 1.5% each before giving up the gains. According to market analysts, while the status quo in capital gains tax sent the indices zooming, nervousness ahead of the Federal Open Market Committee (FOMC) meet and rout in Adani group stocks led to negativity. Independent market […]
Oil extended losses ahead of key inflation data as the biggest US bank collapse since 2008 continued to ripple through financial markets. West Texas Intermediate traded below $75 a barrel after closing 2.5% lower on Monday following a volatile session. Investors will be watching the consumer price index read due later Tuesday for clues on […]
Roller Flour Millers Federation of India (RFMFI) on Thursday hailed the government’s decision to sell 30 lakh tonnes of wheat in the open market and said the move will lead to a reduction in wheat and wheat flour (atta) prices by Rs 5-6 per kg. The Centre on Wednesday announced the sale of 30 lakh […]
By Dharmesh Shah Equity benchmarks extended profit booking over a second consecutive session and concluded the previous week on a subdued note. The Nifty skidded 2.4% to settle for the week at 17672. The broader markets performed in tandem with the benchmark and settled 2% lower. Sectorally, pharma, PSU Banks relatively outperformed while financials, energy, […]
External Affairs Minister S Jaishankar engaged in discussions with Russian Foreign Minister Sergey Lavrov in Moscow, addressing the international strategic landscape and ongoing tensions. Stressing the robust nature of their relationship, Jaishankar highlighted the special and privileged strategic partnership during their 7th meeting this year. Anticipating a formidable Russian presence at the Vibrant Gujarat meeting […]
TS EAMCET 2024 Application Form: Jawaharlal Nehru Technological University, Hyderabad is scheduled to unveil the application form for the Telangana State Engineering, Agriculture, and Medical Common Entrance Test (TS EAMCET) in February. Aspiring candidates meeting the eligibility criteria can access the application form through the official website: eamcet.tsche.ac.in. The TS EAMCET 2024 application procedure encompasses […]
By Rahul Shah Markets took a breather last week but, the overall structure looks positive. In the coming sessions, earnings will drive the markets. Equity benchmark Indices clocked their first weekly loss in four weeks as investors fretted over likely aggressive tightening by central banks in the wake of recent inflation numbers. Benchmarks Sensex dropped […]