Dear Trader… Domestic markets opened positive but witnessed one way selling pressure since the start of the session to finally end near day’s low. Global markets too slumped during the day over recessionary fear after the US Fed raised interest rates by 75bps – the biggest increase since 1994. Further the Fed Chair Jerome Powell signalled another big move (50-75bps hike) next month, intensifying its fight to contain rampant inflation.
This content is restricted to site members. If you are an existing user, please log in. New users may register below.