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Source: Live Mint Top News The National Payments Corporation of India (NPCI) has announced a significant change to its Unified Payments Interface (UPI) transaction limit. Effective from September 16, 2024, the UPI transaction cap has been raised to ₹5 lakh per transaction. This increase aims to further bolster India’s push toward a more robust digital…
Source: Live Mint Foreign investors upped the ante in Indian markets on the second day after the US Federal Reserve’s larger-than-expected interest rate cut, catapulting the benchmark Nifty 50 and Sensex indices to fresh highs. To be sure, part of the ₹14,000 crore provisional buying by foreign institutional investors on Friday was due to index…
Source: Business Standard 5 min read Last Updated : Sep 20 2024 | 2:21 PM IST The BSE Sensex and the NSE Nifty 50 index were seen trading on a buoyant note at record high levels in trades on Friday, amid the global market cheer owing to a bumper US Fed rate cut. The…
Source: Business Standard Stock Market LIVE Updates, Friday, September 20, 2024: Markets in India were headed for a strong open on Friday, led by overnight gains on the Wall Street, which was driving Asian markets higher as well. At 7:25 AM, GIFT Nifty futures were at 25,533, around 50 points higher than Nifty futures’…
Source: Live Mint Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday tracking positive cues from global peers. The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 25,530 level, a premium of nearly 40 points…
Source: Live Mint Indian stock market: Benchmark equity indices Sensex and Nifty reached new all-time highs on Thursday, following positive global trends after the U.S. Federal Reserve announced its first policy rate cut in over four years. The 30-share BSE Sensex increased by 236.57 points, or 0.29%, closing at a record high of 83,184.80. During…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 19 2024 | 10:38 PM IST Investment strategy after US Fed’s rate cut: The US Federal Reserve’s jumbo rate cut of 50 basis points — a first since early 2020 — triggered volatility across various asset classes. The US equities, for…
Source: Live Mint In a bold move, the US Federal Reserve kick-started its monetary policy easing cycle with a 50 basis point (bps) interest rate cut, bringing the Fed funds target range to 4.75-5%. The market was widely anticipating a 25 bps rate cut (one basis point is 0.01%). While delivering this surprise, Fed chair…
Source: Business Standard The US Federal Reserve (US Fed) surprised the global financial markets with a higher-than-expected rate cut of 50 basis points (bps) on Wednesday. Puneet Wadhwa caught up with CHRISTOPHER WOOD, global head of equity strategy at Jefferies in New Delhi on his interpretation of the Fed’s move, its implications for global…
Source: Live Mint The US Federal Reserve reduced its benchmark interest rate by 50 basis points, marking the first decrease since 2020, as the central bank started to unwind the restrictive policies it had put in place to address inflation. The Federal Reserve’s benchmark policy rate has remained in the 5.25%-5.50% range for 14 months….
