Qlab group cues3/20/2023 ![]() ![]() FOMC minutes reveal the fact that some have even argued for a 50 bp rate hike," said Vijayakumar.Īt the latest monetary policy meet, a few participants, according to the minutes of US Federal Reserve, favored raising the target range for the federal funds rate 50 basis points, noting that a larger increase would more quickly help in achieving price stability. "The US/global factor stems from concerns that the Fed will have to raise interest rates perhaps by 25bp thrice to weaken the economy and contain inflation. The shares of Adani Group companies have been consistently declining, though with varying degrees, after the January 24 report by a US-based short seller which leveled various allegations against the group. "Yesterday's sharp cut of 927 points on the Sensex was caused by a combination of factors: weak US cues, the continuing rout in Adani stocks and concerns of the Adani crisis impacting the banking system," VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The key indices in the domestic market - BSE Sensex went down 927 points and settled at 59,744.98 level while NSE Nifty lost 280 points and closed the session at a 17,546.55 level. On Wednesday, stocks in India declined tracking weak overnight cues from the US markets, which saw a heavy selloff. At 9.47 am, the Sensex and Nifty were 0.5 per cent lower each. ![]() ANI | Updated: 23-02-2023 10:10 IST | Created: 23-02-2023 10:09 IST Representative image (Photo/) Image Credit: ANIīenchmark stock indices extended their losses from the previous session as market sentiments remain subdued over global inflation and subsequent monetary policy actions by various central banks.
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