Benchmark indices wiped out previous day gains, with the Sensex closing below 59,000 and the Nifty breaking below its 200-day moving average (DMA) of 17,397, a key technical indicator, led by declines in banks, technology, automobile and metals stocks.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend