As markets staged a monster rally following the Federal Reserve’s shift toward loosening monetary policy, one corner of the financial system had reason to remain on edge.
General Atlantic sells 10% stake in KFin Technologies for Rs 851 crore
Through separate deals, ICICI Prudential Life Insurance Co, ICICI Prudential Mutual Fund, IIFL Securities, Societe Generale and Unifi Capital have bought shares of KFin Technologies.
Dollar rebounds as Fed’s Williams talks down rate cuts
The dollar bounced on Friday after Federal Reserve Bank of New York President John Williams pushed back against the market’s rate cut expectations, though the index remained on track for its worst weekly performance in a month.
Sensex, Nifty climb new highs on sustained bull run, investors richer by Rs 3 lakh cr
Investor wealth, reflected by the total market cap of BSE-listed companies, rose by Rs 2.78 lakh crore today taking the overall valuation to Rs 357.80 lakh crore. Today#39;s gain was on top of the nearly Rs 4 lakh crore gain in the previous sessionSensex, Nifty climb new highs on sustained bull run, investors richer by Rs 3 lakh cr
Investor wealth, reflected by the total market cap of BSE-listed companies, rose by Rs 2.78 lakh crore today taking the overall valuation to Rs 357.80 lakh crore. Today#39;s gain was on top of the nearly Rs 4 lakh crore gain in the previous sessionMid-day Mood | Sensex, Nifty scale new highs, market on course for 7th week of gains
The domestic benchmarks mirrored the upbeat trend in US and Asian markets following the Fed#39;s dovish stance and hit new highs in the morning tradeAsian shares hit three-month peak as Fed pivot rally rolls on
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7% to the highest since early September and was up 2.5% for the week. Japan’s Nikkei jumped 1.2%, also heading for a weekly gain of 2.5%.
Gold prices set for weekly gain on Fed rate-cut bets
Fed officials estimated 75 basis points (bps) of rate cuts in 2024, with 2.4% inflation at the end of next year. Markets are now pricing in around a 75% chance of a rate cut in March, according to CME FedWatch tool.
Dollar feels the heat as Fed’s dovish pivot weighs
That has resulted in the greenback sliding broadly against rivals, with the dollar index at 102.05, not far from the four-month low of 101.76 it touched on Thursday. The index is down 1.9% and on course for its steepest weekly decline since July.
Increase equity investments; multi-year bull run in making, large caps may shine: Analysts
Foreign institutional investors are now likely to flock to domestic equities and turn active buyers, particularly in frontline stocks, contributing to an anticipated rally in large-caps