The US markets experienced a decline as expectations for Federal Reserve rate cuts were postponed, primarily due to higher-than-expected Consumer Price Index (CPI) data for March. This unexpected rise in CPI, with a 0.4 percent month-over-month increase and a year-over-year figure of 3.5 percent compared to February’s 3.2 percent, dashed hopes for rate cuts in … Read more
The Asian Development Bank (ADB) has revised India’s GDP growth forecast for the current fiscal year to 7% from the previous estimate of 6.7%. This upward revision is attributed to the robust growth expected to be driven by both public and private sector investment demand, along with a gradual improvement in consumer demand. The forecast … Read more
According to the minutes from the latest Federal Open Market Committee (FOMC) meeting held on March 19-20, Federal Reserve policymakers expressed a general preference for reducing the rate at which they’re shrinking the central bank’s asset portfolio by approximately half. Additionally, the meeting record indicated that “almost all” officials agreed it would be suitable to … Read more
Projections suggest a potential easing trend in India’s 10-year bond yield, ranging between 6.50-6.75% by the second half of the fiscal year. This anticipation stems from the expected initiation of policy rate cuts by major central banks worldwide, including the Reserve Bank of India (RBI). Combined with a lower-than-anticipated supply, Indian bond yields are poised … Read more
Share Market Updates: Sensex Closes Down 27 Points, Nifty at 22,430; Realty, FMCG, Auto Stocks Decline, PSB, IT Stocks Gain Sensex Today | Share Market Live Updates: Global stock markets experienced a slight decline on Wednesday due to rising bond yields. Investors were cautious about the possibility of U.S. interest rates increasing this year. Additionally, … Read more
The Indian stock market witnessed a mixed session on Tuesday, with benchmark indices giving up some of their recent gains. The BSE Sensex fell 110.64 points, or 0.15%, to close at 73,903.91, while the NSE Nifty dipped 8.70 points, or 0.04%, to end at 22,453.30. Market Highlights: Top Gainers and Losers: Gift Nifty Future and … Read more
In a recent announcement, the National Stock Exchange of India (NSE) has made significant changes to the market lot sizes of derivative contracts for three key indices – Nifty 50, Nifty Financial Services, and Nifty Midcap Select. These changes are part of the exchange’s periodic review of lot sizes for derivative contracts and are set … Read more
The United States and Japan are poised to announce a deepened collaboration in artificial intelligence (AI) and semiconductor technologies, as per a recent report. This move comes amidst the US’s proactive efforts to block the shipment of advanced AI chips to China, aiming to prevent Beijing’s access to cutting-edge US technology. The announcement of closer … Read more
The United States tightens restrictions on exporting AI chips and tools to China The Commerce Department, responsible for export controls, has announced its intention to regularly update restrictions on technology exports to China. The Biden administration recently revised regulations to make it more challenging for China to acquire US artificial intelligence (AI) chips and chipmaking … Read more
In the financial year 2023-24, the Nifty India Defence Index showcased remarkable growth, outperforming the Nifty with a 44 percent Compound Annual Growth Rate (CAGR) compared to the Nifty’s 15 percent over the past five years. A notable highlight was the significant surge in more than half of the index’s 15 constituent stocks, with five … Read more