Benchmark equity indices recovered their previous day s losses and closed nearly 1 per cent higher on Wednesday amid robust buying in HDFC Bank and Reliance Industries.
Investors are eyeing the two important events lined up ahead the interim budget and the US Fed interest rate decision to
The US Fed s signal of another 2023 hike and smaller-than-expected interest rate cut in 2024 is concerning for Asian markets as it tightens monetary conditions and can restrict foreign capital inflow into the region
The move to leave its benchmark rate at about 5.4% suggests the Fed thinks it has time to wait and see its 11 rate hikes since March 2022 will continue to cool rising prices.
The move to leave its benchmark rate at about 5.4% suggests the Fed thinks it has time to wait and see its 11 rate hikes since March 2022 will continue to cool rising prices.