Tag: us fed

MARKET UPDATE: Sensex gained over 50 points to trade around 61,254 levels while the Nifty50 traded flat above 18,100 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 61,254 levels while the Nifty50 traded flat above 18,100 levels
Thursday, May 4, 2023
Indian markets started today's(4 May 2023) trade on a firm note, after the US Federal Reserve hiked interest rates by 25 basis points. Key indices Nifty50 traded flat above 18,100 levels, whereas the S&P BSE Sensex gained over 50 points to trade around 61,254 levels. Broader markets, also, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.5 percent. Read more

MARKET UPDATE:Sensex rose 500 points to 56,313, and the Nifty gained 120 points to 16,760

MARKET UPDATE:Sensex rose 500 points to 56,313, and the Nifty gained 120 points to 16,760
Thursday, July 28, 2022
OPENING BELL: The Indian markets perked up today(28 July 2022), opening firmly higher after the US Fed hinted at slowing down rate hikes eventually, which lifted global stocks. The BSE Sensex rose 500 points to 56,313, and the NSE Nifty50 gained 120 points to 16,760. All Sensex stocks opened higher. Bajaj Finance led gains on the index, up over 5 percent. Bajaj Finserv moved 4 percent higher. Tata Steel, IndusInd Bank, Infosys, Wipro, Axis Bank, and Kotak Bank were the other notable winners. On the downside, Dr. Reddy's and Sun Pharma came under pressure, slipping up to 2 percent. Bharti Airtel, ITC, and Nestle were also subdued. In the broader markets, Nifty500, Nifty MidCap 50, and Nifty SmallCap 50 also sat in green, up to 0.7 percent higher. Read more

Investors should sell stocks on a rally: Chris Wood

Investors should sell stocks on a rally: Chris Wood
Tuesday, June 21, 2022
Markets have found it tough to cling to higher ground. CHRISTOPHER WOOD, global head of equity strategy at Jefferies advises that investors should look to sell stocks on a rally in the short term. What will see the markets rally is a sudden end to the Russia – Ukraine conflict as it will ease supply pressure across commodities, he tells. He also suggested that the bet for a sustained equity market rally before the 2022 end is a possible change in the US Fed's language.

Asian equities witness large outflows for last four months

Asian equities witness large outflows for last four months
Thursday, May 5, 2022
Asian equities saw massive foreign capital outflows in April. This is mainly driven by the expectations of a hawkish policy by the U.S. Federal Reserve and concerns over the impact of China's lockdowns on regional growth. Overseas investors offloaded Asian equities worth $14.22 billion in their fourth straight month of net selling, Refinitiv data for stock exchanges in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia, and Thailand showed. The region's combined net foreign selling from January to April stood at $45.76 billion, the most in the first four months since at least 2008. Read more

MARKET UPDATE: Sensex rose 20 points to 56,997, and Nifty largely unchanged at 17,063

MARKET UPDATE: Sensex rose 20 points to 56,997, and Nifty largely unchanged at 17,063
Wednesday, May 4, 2022
The Indian key benchmark indices started the session on a flat note today(4 May 2022)ahead of the US Fed monetary policy outcome. The BSE Sensex rose 20 points to 56,997, and the NSE Nifty50 was largely unchanged at 17,063. PowerGrid, NTPC, Tata Steel, ITC, Axis Bank, Infosys, Maruti and SBI were the top winners on the Sensex. Britannia, ONGC, BPCL, and Tata Motors were the additional gainers on the Nifty. Bharti Airtel, TCS, Dr. Reddy's, Titan, HDFC Bank, Asian Paints, Bajaj Finance, Hindalco, and Apollo Hospitals were the leading losers, slipping up to 2 percent on the two indices. Read more

FPIs withdraw Rs 41,000 cr in March

FPIs withdraw Rs 41,000 cr in March
Sunday, April 3, 2022
Foreign investors pulled out a massive ₹41,000 crore from the Indian equity market in March in anticipation of rate hikes by the US Federal Reserve and the deteriorating geopolitical environment amid the Russia-Ukraine war, continuing their selling spree for the sixth consecutive month. Flows from foreign portfolio investors (FPIs) are expected to remain volatile in the near term given the headwinds in terms of elevated crude prices and inflation, experts said. According to data available with the depositories, FPIs were net sellers to the tune of ₹41,123 crores in the equity market last month. This was way higher than net withdrawals of ₹35,592 crore in February and ₹33,303 crore in January. Read more

MARKET UPDATE:Sensex rose 482.5 points to quote at 58,270.5 levels while the Nifty climbed 142 points to trade at 17,362

MARKET UPDATE:Sensex rose 482.5 points to quote at 58,270.5 levels while the Nifty climbed 142 points to trade at 17,362
Thursday, December 16, 2021
Indian stocks in tune with Asian stocks followed Wall Street higher today(16th Dec.2021) after the US Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation. The S&P BSE Sensex rose 482.5 points, or 0.83 percent, to quote at 58,270.5 levels in early trade. The NSE Nifty, too, climbed 142 points to trade at 17,362. The broader indices on the BSE rose in tandem as well and added up to 0.88 percent. The Federal Open Market Committee (FOMC) laid out a scenario in which the Covid-19 pandemic, despite the emergence of the Omicron variant, gives way to a benign set of economic conditions, with inflation easing largely on its own, interest rates increasing comparatively slowly, and the unemployment rate staying low in coming years. Read more

MARKET UPDATE:Sensex down 295 points at 57,821 levels,while the Nifty down 79 points at 17,250

MARKET UPDATE:Sensex down 295 points at 57,821 levels,while the Nifty down 79 points at 17,250
Wednesday, December 15, 2021
Worries ahead of the US Fed outcome and increasing warning calls by the WHO against the Omicron coronavirus variant are keeping investors on the sidelines. After starting with mild gains, the benchmark indices quickly slipped into the negative zone today(15th Dec.2021). The BSE Sensex was down 295 points at 57,821 levels, while the Nifty50 was down 79 points at 17,250. All sectors, barring the metal index, were in the red. The Fed is the first among the four major global central banks, set to meet this week, to discuss whether to guard against inflation and end the current era of low-interest rates and central bank asset purchases or sit tight given the economic threat posed by the new variant. Against this backdrop, the BSE Sensex started at 58,144 level, up 27 points. The NSE Nifty, too, was little changed at 17,335.25, up 10 points.M&M (up 2 percent) was the top Sensex gainer, followed by ITC (1 percent), Axis Bank, Power Grid, NTPC, and HDFC Bank. Read more

MARKET UPDATE:‘Black Friday’;Sensex shaved-off over 1,400 points in intra-day deals while Nifty lost over 400 points

MARKET UPDATE:‘Black Friday’;Sensex shaved-off over 1,400 points in intra-day deals while Nifty lost over 400 points
Friday, November 26, 2021
It was a horrible ‘Black Friday’ for the Indian markets that saw an across-the-board sell-off. The S&P BSE Sensex shaved off over 1,400 points in intra-day deals. Its counterpart on the National Stock Exchange, the Nifty50 index, lost over 400 points. The negative sentiment today(26th Nov.2021) in the Indian markets was on account of weak global cues. Most Asian markets were a sea of red with Japan’s Nikkei down 2 percent and Straits Times slipping nearly one percent. Shanghai Composite, Kospi, and Taiwan were down 0.2-0.4 percent, each. The US markets, however, were shut on account of the Thanksgiving holiday. This weak sentiment across Asian markets was triggered by fears of a sooner-than-expected rate hike by the US Federal Reserve (US Fed). Investors and traders, according to analysts, now expect the US central bank to raise rates faster on the back of the recently released FOMC minutes. Read more

MARKET UPDATE:BSE Sensex traded 40 points lower at 58,964 levels while Nifty tested 17,550-mark, up 2 ponits

MARKET UPDATE:BSE Sensex traded 40 points lower at 58,964 levels while Nifty tested 17,550-mark, up 2 ponits
Wednesday, September 22, 2021
Indian equity markets were volatile in early trade today(22nd Sept.2021) as investors assessed the impact of the Evergrande crisis on India, and ahead of the US Federal Reserve's monetary policy outcome. The 30-share BSE Sensex traded 40 points lower at 58,964 levels while the NSE Nifty50 tested 17,550-mark, up 2 points. HCL Tech, BPCL, Hindalco, IndusInd Bank, and Tata Motors were the top gainers on the benchmark indices. In the broader market, the BSE MidCap and SmallCap indices added 0.91 percent and 0.80 percent, respectively. Globally, the Shanghai Composite fell 0.26 percent amid the ongoing Evergrande crisis. Elsewhere in Asia, the Nikkei 225 in Japan was down 0.5 percent and Australia's S&P/ASX 200 edged 0.83 percent higher.

Market rally would remain broad-based going ahead: Experts

Market rally would remain broad-based going ahead: Experts
Wednesday, September 15, 2021
Markets have been trading sideways ahead of the meetings of the two major global central banks – the US Federal Reserve and the Reserve Bank of India (RBI) – over the next couple of weeks. Market experts expect natural profit-taking to happen with rising markets, but do not see any meaningful correction unless there is a more aggressive taper stance by the US Fed. They are cautiously optimistic on markets for 2021, on surplus global liquidity, and benign interest rates. The US Federal Reserve (US Fed), prior to the pandemic, had an outstanding balance sheet size of $4.2 trillion as of December 2019, which doubled in size to $8.3 trillion. Likewise, the European Central Bank (ECB), which had a pre-pandemic balance sheet size of 4.7 trillion euros also saw a similar proportional increase in size to 8.2 trillion euros. This liquidity is providing support to asset inflation in high-risk asset classes, including emerging equities like India. Read more

Sensex slips 179 pts as hawkish US Fed tone hits D-Street

Sensex slips 179 pts as hawkish US Fed tone hits D-Street
Thursday, June 17, 2021
A hawkish tone by the US Federal Reserve crushed equities across the globe today(17th June 2021) as investors feared global central banks may hike rates sooner than expected. US Treasury yields gained overnight and the dollar strengthened against the rupee to its highest level in six weeks, hammering equity prices on Dalal Street. This comes on the day of the weekly F&O expiry, adding to the overall volatility. A mild recovery post a gap-down start quickly dismantled during the last hour of the session as market participants offloaded metal and rate-sensitive counters. The frontline S&P BSE Sensex ended at 52,323 levels, down 179 points or 0.34 percent. On the NSE, the Nifty50 index breached below its immediate support of 15,650 and hit a low of 15,616. It recovered marginally to end at 15,691 levels, down 76 points or 0.48 percent. Read more

Spicejet shares gains 14 per cent after Boeing 737 MAX gets US FAA nod

Spicejet shares gains 14 per cent after Boeing 737 MAX gets US FAA nod
Thursday, November 19, 2020
Shares of budget airline SpiceJet gained as much as 13.6 % to hit a high of Rs 75.4 on the BSE on Thursday after the US Federal Aviation Administration gave clearance to fly Boeing 737 Max aircraft after two-years of grounding. The clearance was announced after a "comprehensive and methodical" 20-month review process, the regulator said. The regulators also said the clearance would not allow the plane to "return immediately" to the skies as the existing aircraft will need to be modified before going back into service, with changes to their design and will be ready to return to operations by the first quarter of 2021. With 13 of these aircraft grounded, SpiceJet has been in talks with Boeing for claims. In the second quarter, the airline has recognised Rs 138 crore of these claims as other income."SpiceJet can also receive compensation from Boeing for the 737 Max grounding, which could be in the range of Rs 1,000-1,200 crore," HSBC Global Research had said in a note on Wednesday. Read more

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