Markets fall on global cues; US Fed meeting in focus in the coming week.
Benchmark indices witnessed a sharp sell-off during the week and the Nifty slipped below the 17,000 level for the first time in over five months, taking cues from weak global markets. The turmoil in the US banking space with the failure of Silicon Valley Bank (SVB) and the closure of New York-based Signature Bank...
Nifty slips on hawkish Fed; Global cues will be in focus in the coming week
Indian markets stayed in correction mode on weak global cues as investors turned cautious ahead of the crucial jobs report later in the week. Markets were once again worried about sharper rate hikes after Fed Chair Powell hinted at a higher peak rate which triggered a large dollar rally. Global markets were also...
Nifty bounces from support levels; Global cues will be in focus in the coming week
Markets ended with minor gains with broader markets outperforming as sentiments remained cautious on weak global cues. Markets ignored Federal Reserve Bank of Atlanta President Raphael Bostic’s comments that the central bank could be in a position to pause rate hikes sometime this summer. For the week,...