Indian benchmark indices are likely to open decisively in the red, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading lower, down 103 points, at the 17,515 level. Markets fell on selling pressure, snapping a three-day relief rally. Nifty closed under 17,600, losing almost 165 points while Sensex slid 541 points, settling at […]
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 […]
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