Powell’s remarks, the most explicit so far about plans to slow a process that has seen about $1.4 trillion of bonds roll off the Fed’s balance sheet, was seen by several Wall Street analysts as a signal that a tapering plan will be unveiled as early as the Fed’s next meeting on April 30-May 1.
Taking Stock: Sensex, Nifty reverse losses to close higher ahead of Fed outcome
Top Nifty gainers were Eicher Motors, Maruti Suzuki, Power Grid Corporation, Nestle India and ONGC, while losers were Tata Steel, Tata Consumer Products, Tata Motors, Axis Bank and CiplaNifty, Sensex end marginally higher; markets eye Fed rate cut hints
“The overall chart pattern of Nifty is weak and one may expect further decline in the near term,” said Nagaraj Shetti, Senior Technical Research Analyst, HDFC SecuritiesMid-day Mood | Sensex, Nifty back in green ahead of Fed outcome; FMCG, oil gas lead gains
SEBI’s warning about elevated valuations in the broader market has played a role in profit-booking, analysts sayGrayscale bitcoin ETF saw record daily outflows as bitcoin tumbled
Grayscale’s ETF notched a daily record of $642.5 million in outflows on Monday, according to data from BitMEX Research, when bitcoin tumbled about 4%. The cryptocurrency was down another 2% by mid-afternoon Tuesday, bouncing off session lows.
El Salvador’s ‘Bitcoin Beach’ cheers cryptocurrency surge
In a surf town in El Salvador nicknamed “Bitcoin Beach,” shopkeeper Maria Aguirre watched with delight as the cryptocurrency — and her investment in it — recently soared to new all-time highs. But not everyone in El Salvador is convinced by the cryptocurrency.
How the Bank of Japan’s plan for a smooth stimulus exit stumbled
Inflation was slowing more than expected, complicating the central bank’s plan to end negative interest rates by March or April and then follow quickly with further increases
Taking Stock: Sensex turns negative for 2024; Nifty closes below 21,850 amid widespread selling
Biggest losers on the Nifty included TCS, BPCL, Tata Consumer Products, Tata Consumer and Nestle India, while gainers were Bajaj Finance, Bajaj Auto, Kotak Mahindra Bank, Hindalco Industries and Bharti Airtel.Mid-day Mood | Sensex, Nifty down amid selloff in broader indices; Fed#39;s interest rate decision awaited
Indices trade weak amid selling in mid- and small-cap segments. Weakness was seen across all sectors with Nifty IT leading the losses amongst the sectoral indices.Sensex, Nifty fall as selloff continues; analysts expect volatility to persist
The market is expected to be volatile in the near term as investors navigate valuations concerns in broader markets and await the US Fed#39;s policy outcome