The US Federal Reserve kept interest rates steady at 4.25%-4.5%, halting rate cuts after a 100 basis point reduction since September. Market expectations for a rate cut have shifted to June. Fed Chair Jerome Powell warned that if inflation remains stubborn or the labor market weakens, rates could stay higher for longer or be further eased. Political factors may influence the decision.
Economic recovery Isn’t enough, earnings must follow: Samir Arora
Samir Arora of Helios Capital discusses the Indian market, noting IPOs trading below issue price and block deals. He believes market strength drives selling, not