The Indian markets closed lower, with the Sensex down 398 points and the Nifty slipping 122.65 points. The Nifty’s recent swing low of 24,753 may provide short-term support, while 25,200 remains strong resistance. High open interest is noted at 25,000 and 24,800 strike prices.
Warsh’s gamble: A quieter Federal Reserve could mean volatile markets, higher rates
New Federal Reserve Chair Kevin Warsh is significantly reducing the central bank’s communication, particularly “forward guidance” on interest rates. This move, aimed at making markets