Prudential Management and Services, a promoter of Mahindra & Mahindra, offloaded shares resulted in a 3.99% tumble of Mahindra & Mahindra shares. Details of the buyers are unknown.
Fed’s Powell: ‘Not far’ from confidence on inflation, rate cuts
“I think we’re in the right place, which is, we’re waiting to become more confident that inflation is moving sustainably at 2%,” Powell told the Senate banking committee.
Taking Stock: Market ends flat after Nifty surpasses 22,500 for first time; mid, small-caps gain
For the week, BSE Sensex and Nifty rose 0.5 percent each; the market will remain shut on March 8 on account of MahashivratriSensex, Nifty hit record highs on strong global cues
Analysts expect the Nifty to hit 22,700 in the coming weeks amid positive biasMid-day Mood | Nifty, Sensex trade flat after hitting fresh record highs
The Sensex and the Nifty 50 traded flat around noon after having opened at fresh all-time highs with Nifty 50 surpassing 22,500 for the first time.Asian shares rally on US rate relief, yen jumps on BOJ chatter
Japan’s Nikkei reversed earlier gains and the yen jumped past the 149 per dollar level to the highest in a month as momentum builds that a move from the Bank of Japan to end negative interest rates could come as soon as this month.
Fed’s Kashkari sees two rate cuts at most this year
“It’s hard to see, with the data that’s come in, that I’d be saying more cuts than I had in December,” Kashkari said. “It seems like at a base case I’d be where I was in December, or potentially one fewer, but I haven’t decided.”
Gold at record levels as Powell says Fed cuts likely this year
Spot prices hit a record peak of $2,152.09 per ounce overnight on Wednesday, rallying for a sixth straight session.
Taking Stock: Sensex goes past 74k for the first time, Nifty too hits new high as market recovers in style
Top Nifty were Bajaj Auto, Kotak Mahindra Bank, Axis Bank, Bharti Airtel and SBI Life Insurance, while losers were Adani Enterprises, UltraTech Cement, NTPC, ONGC and BPCL.Banks propel Sensex, Nifty to new record highs; analysts maintain positive outlook
With the bullish undertone intact, analysts believe that Nifty can soon march up to 22,700 in the next few sessions