Sensex crashes over 1,000 pts, Nifty below 24K after Fed signals fewer rate cuts in 2025

 19 Dec 2024 09:27 AM

Indian stock markets plummeted on Thursday, with Sensex dropping over 1,000 points and Nifty falling below 24,000. This sharp decline was triggered by the US Federal Reserve's forecast of fewer interest rate cuts in 2025 due to persistent inflation. Major players like HDFC Bank, Infosys, and Reliance Industries led the downturn, impacting the market capitalization significantly.

Fed forecast roils D-St! Investors lose Rs 6 lakh crore within minutes as Sensex crashes 1,000 pts

 19 Dec 2024 09:27 AM

Indian stock markets plummeted on Thursday, with Sensex dropping over 1,000 points and Nifty falling below 24,000. This sharp decline was triggered by the US Federal Reserve's forecast of fewer interest rate cuts in 2025 due to persistent inflation. Major players like HDFC Bank, Infosys, and Reliance Industries led the downturn, impacting the market capitalization significantly.

S&P 500, Nasdaq rise on optimism ahead of rate cut, economic data

 16 Dec 2024 08:08 PM

Stocks showed mixed performance on Monday as investors awaited the Fed's rate decision and key economic data. The S&P 500 and Nasdaq rose, while the Dow was flat. Traders anticipate a rate cut, but the focus is on the Fed's 2025 outlook. Strong economic data and persistent inflation complicate the decision-making process. Crypto stocks rallied on Trump's bitcoin reserve suggestion.

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close

 14 Dec 2024 09:13 AM

The Nasdaq reached a record 20,000, driven by rate cut expectations. However, robust economic growth and persistent inflation may slow the Fed's easing pace. This uncertainty, coupled with rising bond yields, poses a potential risk to the stock market's continued rally, particularly for tech stocks showing signs of overextension.

Hedge funds in wait-and-see mode for 2025 with Trump coming

 13 Dec 2024 10:27 PM

Hedge funds thrived in 2024's volatile market, achieving a 14% return, their best since 2020. However, Trump's 2025 inauguration brings policy uncertainty, making them cautious for January. High equity valuations and persistent inflation add to the complexity, prompting reduced Big Tech exposure and strategic shifts towards Trump-associated sectors.

Gold rises Rs 500 per 10 gm; silver at Rs 97,000 per kg

 12 Dec 2024 06:18 PM

Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association.

Cautious on largecap IT, metals; Zomato or Swiggy & Reliance can be portfolio bets: Dipan Mehta

 11 Dec 2024 10:44 AM

Dipan Mehta, Director of Elixir Equities, expresses caution towards large-cap IT companies due to flat growth, suggesting mid-cap IT firms like Persistent Systems as alternatives. He remains cautious on metals but recommends exposure to food platforms like Zomato and Swiggy. While Reliance Industries lacks immediate triggers, Mehta considers it a portfolio essential.

Rupee ends marginally lower, near-term bearish bias tipped to persist

 09 Dec 2024 03:50 PM

The Indian rupee closed slightly weaker on Monday, weighed down by a decline in its Asian peers with analysts expecting the local currency to continue facing headwinds amid persistent strength in the U.S. dollar.

Sensex, Nifty lackluster as investors await RBI monetary policy decision

 06 Dec 2024 09:33 AM

Indian equity markets opened flat on Friday morning, with investors awaiting the Reserve Bank of India's monetary policy decision. The Sensex and Nifty50 saw minor declines. Recent economic data showing slower growth has fueled expectations of potential policy easing, despite persistent inflation.

Oil prices dip as extended OPEC+ supply cuts highlight weak demand

 06 Dec 2024 07:33 AM

Oil prices dipped in early Asian trading Friday as OPEC+ delayed planned supply increases and extended output cuts to the end of 2026. Concerns over weak global demand, particularly in China, prompted the move. While the extensions reduce the projected surplus, the market reaction remained subdued due to persistent demand worries.