S&P 500 futures were 0.1% lower, weighed by a 3% fall for Apple shares in post-market trade after the tech giant’s sales forecast fell short of expectations.
Oil prices steady, on track for second straight week of losses
Brent crude futures rose 6 cents to $86.91 a barrel by 0010 GMT, while U.S. West Texas Intermediate crude futures gained 12 cents, or 0.2%, to $82.58 a barrel.
The SP 500 is far from passive
The assumption that the SP 500 epitomises passive Investing is erroneous and illustrates poor scientific rigourTaking Stock: Market rejoices Fed decision; Nifty back above 19,100; Sensex gains 490 pts
Biggest gainers on the Nifty were Britannia Industries, Hindalco Industries, IndusInd Bank, Apollo Hospitals and Eicher Motors, while losers were Hero MotoCorp, Tech Mahindra, Bajaj Auto, Bajaj Finance and ONGC.Nifty, Sensex show signs of recovery: Correction over, or temporary relief? What’s next for investors?
The current market upswing should be viewed as a temporary respite, said market experts.At multi-year highs: Godfrey Phillips among 4 stocks that saw 5-year swing high breakout
Jindal Steel plummets 8% as delay in capex seen hurting volume growth
Shares see sharpest intraday fall in nearly 18 months to end at 4-month low
Fed not thinking about rate cuts right now at all: Jerome Powell
“We are still very focused on the first question, which is, have we achieved a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2 per cent over time,” he said.
Taking Stock: 2nd day selling drags Nifty below 19,000; Sensex falls 284 points
Top losers on the Nifty included Adani Enterprises, Coal India, Adani Ports, SBI Life Insurance and Asian Paints, while gainers were Sun Pharma, BPCL, Hindalco Industries, Bajaj Auto and Reliance Industries.Mid-day Mood | Benchmarks retreat ahead of Fed decision; banks, LT top drags
Sector-wise, metal, banks, commodities, industrials, utilities, power and capital goods were trading in the red, while realty, telecom, energy and IT mustered gains.