The Indian benchmark indices have slipped back into fear mode over the last two trading sessions, with caution prevailing ahead of a key U.S. jobs report that could impact the Federal Reserve’s decisions on the pace and scale of interest rate cuts.Broad-based selling was witnessed across all sectors. In Friday’s session, the Nifty 50 index tumbled below the 25k mark closing 1.2% lower at 24,852.In such a market, domestic brokerage firm Axis Securities lists its top 9 large cap picks which have an upside potential of up to 31%:
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low
September 19, 2024