The Eurozone central bank raised rates by an unprecedented three-quarters of a percentage point last week to anchor inflationary expectations, while the US Federal Reserve has indicated it is not done with rate tightening just yet despite the very real threat of protracted economic contraction.
Q4 results today: HDFC Bank among 8 companies to announce earnings
The numbers were mixed for IT companies as TCS Q4 results beat the estimates, while Infosys struggled with softer FY25 and revenue miss.