Rupee closes at record low; risk aversion mounts before Fed policy
The US Federal Open Market Committee is scheduled to detail its monetary policy statement late on Wednesday. The US central bank is widely expected to keep interest rates unchanged and refrain from further tightening, given easing inflation in the world’s largest economy.
SEC adopts new clearing rules: US treasury market braces for change
A central clearer acts as the buyer to every seller, and seller to every buyer, guaranteeing trades in case either party defaults.
Federal Reserve leaves interest rate unchanged
The Fed’s policymakers also signaled that they expect to make three quarter-point cuts to their benchmark interest rate next year, fewer than the five envisioned by financial markets and some economists
Potential stars of next rally are top MF buys in November
Analysts say that insurance companies have managed to increase premiums on most of their existing policies by 20-30%. Given this increase, the profitability of insurance companies is likely to improve in the coming quarters, making current valuations attractive.
IT on edge: A hawkish Fed could keep sentiment, upsides muted
The Nifty IT index dropped 1.35% on Wednesday, while the benchmark Nifty ended flat. TCS shed 2% and Infosys fell almost 1.8%.