“During the trading period, the Nifty Index fell short of reaching the significant milestone of 20000 by a mere 9 points and experienced a sharp correction, primarily driven by declines in IT sector stocks. The correction resulted in a notable drop in the index’s value, indicating bearish sentiment in the market. The price chart of the Nifty Index displayed a Doji candle pattern, often interpreted as a sign of indecisiveness among traders.”
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