Stronger-than-expected US employment data released last Friday rattled global markets, diminishing hopes for an early rate cut by the Federal Reserve. With the US unemployment rate dipping to 4.1% in December and robust job growth, analysts now predict fewer rate cuts in 2025.
The better-than-expected US payroll data affirmed the case for Federal Reserve officials to keep interest rates on hold for the foreseeable future, in the face of lingering inflation and political uncertainty. That gave the dollar a boost Friday, while pushing up US Treasury yields.
Rupee hits fresh record low
Markets fell further due to foreign fund outflows
Ind-Ra-Mumbai-7January 2025 India Ratings and Research (Ind-Ra) has maintained a neutral sector outlook and a Stable rating Outlook for non-bank
India’s affluent class is experiencing unprecedented levels of financial activity, with the median individual managing over 434 peer-to-peer banking transactions
Benchmark Sensex rose by 335.06 points, or 0.42 per cent, to settle at 79,724.12 in a special Muhurat trading session
Indian equity markets faced a turbulent session on October 9, with benchmark indices erasing early gains to close marginally lower. Despite starting the day in positive territory, the indices slipped amid volatile trading after the Reserve Bank of India (RBI) announced its decision to keep key policy rates unchanged.
On Monday, the BSE Sensex experienced a significant drop, plunging as much as 962 points or 1.17% to 80,726.06 during intraday trading. The NSE Nifty50 also fell sharply by 244 points or 0.97%, reaching 24,770 levels. Despite opening in the green, both indices quickly erased their gains and slipped deep into negative territory.
The Sensex and Nifty closed in the red for the fifth straight session on October 4, as rising tensions in