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The Federal Reserve lowered its key interest rate by a quarter-point in response to declining inflation. This follows a larger cut in September, signaling the Fed's focus on both job growth and inflation control. While inflation has fallen closer to the Fed's target, it remains slightly elevated.
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News and Media
India's equity benchmarks fell on Thursday, driven by rising US bond yields and continued selling by foreign investors. The surge in US yields, triggered by Donald Trump's election victory, has raised concerns about potential slowdowns in US rate cuts, impacting foreign investments in emerging markets like India.
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News and Media
Experts view the recent drop in Hindalco Industries' share price as a buying opportunity, citing strong fundamentals. Despite a recent dip due to weak earnings from its US arm, Novelis, analysts remain optimistic about the company's long-term prospects, particularly its upcoming US facility.
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News and Media
In an announcement on Thursday, MSCI said it has added five stocks - BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty - to its Global Standard Index; while reducing the weights of Adani Green, RIL, ICICI Bank, Infosys, GMR Airports, and Adani Power.
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News and Media
Foreign investors renewed buying interest in the healthcare and power sectors, purchasing 2,321 crore and 1,168 crore in the second half of the month, after selling over 2,000 crore in both sectors in the first half of the month.
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News and Media
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