Feedback | Wednesday, January 01, 2025

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December 19, 2024 12:20 PM

Sensex, Nifty plunge after US Fed signals fewer rate cuts for 2025

India's benchmark indices opened sharply lower on Thursday, mirroring a global sell-off after the US Federal Reserve signaled fewer rate cuts for 2025. The Nifty 50 index plunged 1.33%, shedding 321 points to open at 23,877.15, while the BSE Sensex dropped 1.44%, falling 1,153.17 points to open at 79,029.03. The downturn comes as investors reacted to the Fed’s reduced rate cut expectations, which dashed hopes of robust economic stimulus and easing inflation. The ripple effect triggered sharp...

October 30, 2024 10:43 AM

Investors take cover in Asia ahead of US election

Investors are selling yen and taking shelter in cash, India, pockets of China's markets and Singapore dollars ahead of a U.S. election that could shake out global money and trade flows. Asia's financial markets stand on the front line of what could be a wild ride when votes are tallied and in the months ahead since the region is an export powerhouse and shares and currencies are sensitive to changes in U.S. trade policies. That has money managers shying away from outright wagers on the outcome...

September 16, 2024 3:25 PM

Sensex, Nifty open near record highs as global markets surge

India's benchmark indices hovered near record highs on Friday, driven by a rally in Asian markets as investors anticipated a 50-basis-point interest rate cut by the U.S. Federal Reserve. At the opening bell, the Nifty 50 climbed to 25,430.45, marking a gain of 41.55 points or 0.16 percent. Simultaneously, the BSE Sensex reached a staggering 83,091.55 points, up by 128.84 points or 0.16 percent. This remarkable performance comes against the backdrop of rallying global markets, spurred by antici...

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Last Updated: 1st Jan 2025