Posts
The domestic market is responding to the Fed's hawkish commentary, which suggests the possibility of 2 more rate hikes in the future this year, although they have currently opted for a halt. Due to concerns about inflation persisting above their target range, Fed officials have increased their rate projections by 47.5bps for the end of 2023 to 5.6%. Despite weakness in the benchmark index, there is buying interest observed with the Nifty Mid-cap index trading at an all-time high.
The domestic market is responding to the Fed's hawkish commentary, which suggests the possibility of 2 more rate hikes in the future this year, although they have currently opted for a halt. Due to concerns about inflation persisting above their target range, Fed officials have increased their rate projections by 47.5bps for the end of 2023 to 5.6%. Despite weakness in the benchmark index, there is buying interest observed with the Nifty Mid-cap index trading at an all-time high.
Posted by
Able
on
- Get link
- X
- Other Apps
Closing Bell: IT, bank stocks drag Sensex 311 pts lower; Nifty below 18,700; Hero Moto, ZEEL fall 4% each
Closing Bell: IT, bank stocks drag Sensex 311 pts lower; Nifty below 18,700; Hero Moto, ZEEL fall 4% each
Posted by
Able
on
- Get link
- X
- Other Apps
India's Ministry of Corporate Affairs has ordered an investigation to assess Hero MotoCorp's relationship with a third-party vendor in a case related to alleged diversion of funds, two government sources told Reuters on Thursday. The investigation has been ordered in the "public interest" to probe the ownership structure of Hero MotoCorp and whether it controlled the third-party vendor, said the two sources, who are privy to the internal government directive.
India's Ministry of Corporate Affairs has ordered an investigation to assess Hero MotoCorp's relationship with a third-party vendor in a case related to alleged diversion of funds, two government sources told Reuters on Thursday. The investigation has been ordered in the "public interest" to probe the ownership structure of Hero MotoCorp and whether it controlled the third-party vendor, said the two sources, who are privy to the internal government directive.
Posted by
Able
on
- Get link
- X
- Other Apps
G R Infraprojects shares rise 3% as firm emerged as L-1 bidder in financial bid opening for tender invited by National Highways Authority Of India
G R Infraprojects shares rise 3% as firm emerged as L-1 bidder in financial bid opening for tender invited by National Highways Authority Of India
Posted by
Able
on
- Get link
- X
- Other Apps
G R Infraprojects emerged as L‐1 bidder in Financial bid opening for tender invited by National Highways Authority of India; stock rises over 3%
G R Infraprojects emerged as L‐1 bidder in Financial bid opening for tender invited by National Highways Authority of India; stock rises over 3%
Posted by
Able
on
- Get link
- X
- Other Apps
Markets read Fed’s June policy outcome as a hawkish pause, with the Dot plot projecting 50bps hike yet more to come before the end of this calendar year. However, with Consumer and producer inflation falling sharply in US, we do not see Fed rate going to 5.75%. We sense that Fed could probably deliver one more 25bps hike in July and that would be the terminal rate (5.5%). One cannot ignore emerging signals of slowing aggregate demand in US which will likely manifest clearly in Q3 and Q4, which will infact prompt Fed to undo to process of monetary tightening during early 2024.
Markets read Fed’s June policy outcome as a hawkish pause, with the Dot plot projecting 50bps hike yet more to come before the end of this calendar year. However, with Consumer and producer inflation falling sharply in US, we do not see Fed rate going to 5.75%. We sense that Fed could probably deliver one more 25bps hike in July and that would be the terminal rate (5.5%). One cannot ignore emerging signals of slowing aggregate demand in US which will likely manifest clearly in Q3 and Q4, which will infact prompt Fed to undo to process of monetary tightening during early 2024.
Posted by
Able
on
- Get link
- X
- Other Apps