On Monday, the market was seen factoring in Powell’s remarks that the Fed policy will “cause some pain to households and businesses” and this is “the unfortunate costs of reducing inflation”.
Despite negative sentiment and foreign investor selling, Indian equities are showing signs of building a base, with a breakout above 24,500 on the Nifty potentially
Vedanta Iron and Steel shares are on a strong rally, hitting the upper circuit for a third day. This surge follows an investment by Premji
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