Nifty Bank holds 47K; traders can deploy ‘sell on rise’ strategy: Analysts
Federal Bank, PNB, AU Small Finance Bank, and Bank of Baroda witnessed buying while selling pressure was seen in SBI, HDFC Bank, ICICI Bank, IndusInd Bank, and Axis Bank.
Tag: federal
IT stocks slump as F&O bears mount bets on more downside fears, Infy results in focus
Indian IT stocks decline, affecting benchmarks. Concerns over US Fed rates and IT demand recovery persist. Infosys\’ guidance for FY25 awaited. Market cautious pre-results, with Nifty IT Index closing below 200 EMA.
Asian shares slide on Fed rate cut rethink; China GDP in focus
Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.
US Fed should not act urgently when it\’s not required, Daly says
San Francisco Federal Reserve Bank President Mary Daly said on Monday there is no urgency to cut U.S. interest rates, with the economy and labor market strong, and inflation still above the Fed\’s 2% target.
Asian stocks muted, gold at new peak as markets weigh Fed cut timing
Gold rose to a fresh all-time peak after a mild reading for producer price inflation kept alive hopes for Fed easing this year, though U.S. Treasury yields stuck close to five-month highs in the wake of hotter-than-expected consumer price data mid-week that forced a paring back of rate cut bets.
US quarterly earnings to feature big growth in tech-related companies
Big technology-related company earnings are expected to again lead S&P 500 profit growth in the upcoming U.S. reporting period, which could refuel optimism for stocks after a weak start to April.
Sensex declines 300 points on fading US rate cut hopes; Nifty below 22,700
Indian indices drop on U.S. inflation concerns. TCS to report. Sun Pharma, Asian Paints, Kotak Bank, NTPC, Maruti top laggards.