Home Business Indian equity benchmarks indices declined as the day progressed and settled sharply...

Indian equity benchmarks indices declined as the day progressed and settled sharply lower on Thursday as investors evidently feared a looming recession.

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.

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Nikhil Bhatt is a SEBI registered individual Research Analyst under the SEBI (Research Analysts) Regulations, 2014 is an entrepreneur, global thought leader with a sound understanding trend of BSE, NSE, financial industry segments and investment trends. According to Nikhil Bhatt, “Our mission is to spread financial awareness and improve financial literacy in a concise, simple and easy-to-understand manner. Backed by scientific research, ethical principles and reliable data, our publications benefit and guide the Indian financial / non financial community like merchants, managers, investors, traders and readers. We seek to make investment decisions more objective and mature”.