The U.S. Federal Reserve’s significant rate cut of half a percentage point led to a muted market reaction, with stocks and the dollar reversing positions. Analysts predict potential volatility ahead, particularly in bond yields. Investors are now focused on upcoming economic data to gauge future market direction.
Posts in category Economic Times
Share price of Siemens falls as Nifty strengthens (19-09-2024)
A total of 3,475 shares changed hands on the counter till 10:46AM (IST).
Voltas stock price up 0.69 per cent as Sensex climbs (19-09-2024)
As of 30-Jun-2024, promoters held 30.3 per cent stake in the company, while FIIs held 15.08 per cent and domestic institutional investors had 25.34 per cent.
Stock market update: Nifty Pharma index falls 0.15% in an upbeat market (19-09-2024)
The Nifty Pharma index was trading 0.15 per cent down at 22991.4.
What does Fed’s rate cut mean for future of US Economy? Jahangir Aziz answers (19-09-2024)
We have a pace that is significantly faster than the Fed. But essentially the first 125, 150 basis points of rate cut is this move towards neutral. There are questions about where the neutral is. We will worry about that once we get the first set of rate cuts done.
Stock market update: Nifty Bank index advances 0.7% in an upbeat market (19-09-2024)
The Nifty Bank index was trading 0.7 per cent up at 53118.25.
Share price of Chola Inv Finance jumps as Sensex gains 515.11 points (19-09-2024)
A total of 15,262 shares changed hands on the counter till 10:30AM (IST)
Stock market update: Fertilisers stocks down as market rises (19-09-2024)
The 30-share BSE Sensex was up 515.11 points at 83463.34
Trump victory will be very worrying for India & world, lead to trade wars: Swaminathan Aiyar (19-09-2024)
Swaminathan Aiyar discusses the potential economic impact of a Trump victory, including high protectionism and trade wars. He also addresses the improbability of de-dollarization and India’s economic prospects, highlighting global capability centers over PLIs. Additionally, he critiques the ‘one nation, one election’ proposal, suggesting a ‘one nation, two elections’ approach instead.
FirstCry shares surge 7% after BofA, MS initiate coverage, see up to 27% upside scope (19-09-2024)
MS considers Brainbees a key player in India’s growing childcare market, particularly through its connection with FirstCry. The firm sees multiple growth drivers & potential for further upside despite strong post-listing performance. It benchmarks Brainbees against Indian consumer discretionary stocks due to similar growth and stable EBITDA margins.