Adani Group shares fall further, market cap slips below Rs 8 lakh cr
The group shed nearly Rs 53,000 crore in market value to Rs 7.55 lakh crore on Wednesday after its stocks dropped between 4% and 11%. The group’s flagship, Adani Enterprises, declined 11% to close at Rs 1,400.85, whereas Adani Ports fell 6.72% to end at `544. Adani Power, Adani Transmission, Adani Green Energy, Adani Wilmar, […]
Inflation is a worry, but so is over tightening
The real rate is positive and excessive tightening may hurt growth according to majority of external members – Ashima Goyal and Jayanth Varma- of the Reserve Bank’s Monetary Policy Committee who voted for a pause in the policy rate revision.
Fed inclined toward more hikes to curb inflation
The minutes also said “almost all” officials agreed it was appropriate to raise interest rates by 25 basis points at the meeting, while “a few” favored or could have supported a bigger 50 basis-point hike.
Indices slide 1.5% in global selloff
The Sensex slipped below 60,000-mark and the Nifty breached its crucial support of 17,600 led by fall in financials, metals, and energy stocks. Investors are awaiting the minutes of the US central bank’s latest policy meeting due tonight for insights on the Fed’s interest rate outlook