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Source: Live Mint Meanwhile, Varmaji, plagued by FOMO (fear of missing out) and spurred on by his wife’s remarks about his “conservative” approach, dives into the stock market at its peak—and is left holding not just the baby, but the bathwater and the tub too. Now he’s forced into the role of a ‘long-term investor’—the…
Source: Live Mint Ending the weeks of intense speculation, the US Federal Reserve’s Federal Open Market Committee (FOMC) has taken a decisive step in initiating a new monetary easing cycle, announcing a 50 basis points (bps) cut to the federal funds rate. The move comes after months of market speculation and a 14-month policy pause….
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….
Source: Live Mint Indian IT stocks experienced a sharp sell-off in Wednesday’s trade, leading the Nifty IT index to plunge by 3.7% to 41,820 points, falling below the 42,000 mark for the first time since September 9. This decline has pushed the index to a two-week low. All 10 constituents are currently trading with significant…
Source: Live Mint US Fed meeting underway: The much-awaited event is here. After over four years, the US Federal Reserve is expected to start the rate-reduction cycle on Wednesday, September 18, as inflation has eased considerably in the US while the jobs market is showing signs of cooling off. Rate cuts are overall positive for…
Source: Live Mint Oil prices increased by approximately 2% on Monday, driven by ongoing disruptions to U.S. Gulf oil infrastructure, which offset persistent concerns about demand following new data from China. Investors are also anticipating a potential reduction in U.S. interest rates later this week. By 1315 GMT, Brent crude futures for November rose by…
Source: Business Standard 4 min read Last Updated : Sep 16 2024 | 10:47 AM IST The equity market has entered the all-important week, wherein the focus will be on the US Fed meeting outcome, on an optimistic note. The Sensex and the Nifty were seen quoting at new life-time highs amid expectations that…
Source: Live Mint Stock Market News: Following a record-breaking rise in the previous session, the domestic equity benchmark indices, the Sensex and Nifty 50, paused on Friday and ended modestly down due to profit-taking. The Sensex fell 0.09% to 82,890.94, while the Nifty 50 finished 0.13% down at 25,356.5. Both indices increased by around 2%…
Source: Live Mint Stocks to buy: Ahead of the US Fed meeting scheduled next week, market experts are expecting an aggressive interest rate cut announcement, which may spurt strong buying in rate-sensitive stocks like IT, banking, real estate, auto, etc. As most IT stocks are available at a discounted price, experts are betting high on…
Source: Live Mint Gold rate today: After three weeks of consolidation, gold prices moved decisively upwards last week and touched a new peak of $2,583 per ounce in the spot market. During Friday’s session, Comex’s gold price touched a new high of $2,611.60 per troy ounce. While climbing to this new peak, the yellow metal…
