Markets judged the Fed’s statement to be dovish, supportive of risk assets including equities. Defensive sectors of the market, recently hit in anticipation of the rate hike, were the best performers.
Posts tagged MC
Wall Street rallies on gradual Fed tightening (17-12-2015)
Dow briefly jumps 150 after Fed raises rates (16-12-2015)
Oil traded lower Wednesday after two days of recovery from near-seven-year-lows. US crude oil futures settled at USD 35.52 a barrel, down USD 1.83, or 4.90 percent.
Fed finally exits zero-rate policy, hikes rate by 25 bps (16-12-2015)
The historical move, anticipated for over a year, marks the exit of the zero interest rate policy, which had been into place in the wake of the financial crisis of 2008.
Aim to enable coal supply for SME units: Anil Swarup (16-12-2015)
In an interview to CNBC-TV18, coal secretary Anil Swarup says the decision was taken as it was difficult for Coal India to supply to the small, medium and micro.
SC order illogical but will comply with it: SIAM Pres (16-12-2015)
In an exclusive interview to CNBC-TV18, Dasari says while the SC order is absolutely illogical, it will be complied with. He says the body will represent its case to the government and the courts, adding that it will not back down from any emission norms that the government mandates.
Dilip Shanghvi to make open offer to buy 26% Suzlon stake (16-12-2015)
The offer, that would begin on December 28 and close on January 8, 2016, comes after Shanghvi decided to acquire 23 percent stake in Suzlon with an equity investment of Rs 1,800 crore. The deal was announced earlier this year.
Narayana Hrudayalaya to hit mkt on Thurs with Rs 613cr IPO (16-12-2015)
JP Morgan Mauritius, Ashoka Investment Holdings and Ambadevi Mauritius Holding are other investors who would be offering shares in the IPO. Post-IPO, promoters will hold 65 percent stake in the company.
Highlights of SC order barring diesel cars, trucks in Delhi (16-12-2015)
Registration of SUVs and private cars of the capacity of 2000 cc and above using diesel as fuel shall stand banned in the NCR upto 31st March, 2016.
RBI may ask banks to provide more for UDAY loans, SDR cases (16-12-2015)
Even as the government and the Reserve Bank of India have gone all out to tackle banks’ burgeoning non-performing asset (NPA) crisis, the central bank is keen to tackle a few teething problems that may have emerged from schemes pushed by them to lessen NPAs.
Sensex ends up 174 pts, Fed move eyed; MM drags 5% (16-12-2015)
The market was cautiously optimistic as the crucial FOMC meet will decide interest rates tonight. Most analysts are hoping that the Federal Reserve will increase rates for the first time in a decade. Ridham Desai, MD Head of India Research, Morgan Stanley feels that the Indian market will gain if Fed hikes rates.