While the American central bank is expected to increase interest rates aggressively to bring down inflation, the extent of the hike is what the market is watching. Most market participants expect the Fed to raise rate by 75 basis points. Some even expect a rate hike of 100 basis points in the face of economic readings that point to continued red hot inflation.
Market Wrap: Consumer stocks drag D-Street lower; Sensex sheds 312 pts, Nifty below 23,700
Indian benchmarks indices ended lower on Wednesday, as advances in heavyweight financials and oil and gas firms were offset by losses in consumer stocks. Investors
February 5, 2025