Concerns are rising over the impending trade deal deadline between India and the United States, leading to market consolidation and profit booking. Inditrade Capital’s Sudip Bandyopadhyay advises caution as the US policymaking remains volatile. Eternal’s stock declined after shareholder approval to cap foreign holding at 49.5%, a strategic decision impacting potential global index inflows.
US Federal Reserve’s Anna Paulson sees scope for more interest rate hikes amid inflation risks
Philadelphia Federal Reserve President Anna Paulson indicated that additional interest rate hikes could be warranted to combat inflation. She stated that inflation remains persistently high,