Unanticipated exogenous shocks likely: U.S. Fed
An uncertain inflationary trajectory could force the Fed to delay a rate or – worse – hike rates.
An uncertain inflationary trajectory could force the Fed to delay a rate or – worse – hike rates.
Shares of TCS, Infosys, Wipro, Tech Mahindra, HCL Tech, and MindTree dropped up to 4% in opening trade amid fear of aggressive rate hikes by the U.S. Federal Reserve.
The Sensex and Nifty are poised to open sharply lower, in line with global equities as higher-than-expected U.S. inflation stoked fears the Fed will raise rates aggressively.
The Sensex and Nifty are poised for a strong opening on upbeat global cues as a better-than-expected inflation report in the U.S. boosted investors’ appetite for riskier assets.
RBI is "much ahead of the curve” in controlling inflation and the Fed can borrow a template from it to control U.S. inflation, says SBI Research.
The BSE Sensex and the NSE Nifty are poised to start the week on a bearish note, tracking a sharp sell-off in Asian equities and negative trends on the SGX Nifty.
Ending the gaining streak of three sessions, the BSE Sensex and the NSE Nifty closed 1.3% lower each on Friday, led by strong selling across IT and tech space.
The BSE Sensex and the NSE Nifty are expected to open lower on Friday as a record spike in U.S. inflation and hawkish comments from a Federal Reserve official dragged global equities lower.