“Bears remained at the helm, taking the benchmark Nifty about 190 points lower from the previous closing. On the 4-hourly chart, the index has given an upward consolidation breakdown; besides, the shorter moving average (21 EMA) finished the day lower than the longer moving average (50 EMA), confirming the bearish scenario,” Rupak De, Senior Technical Analyst at LKP Securities, said.
Gold prices extended gains on Wednesday to touch their highest levels since mid-June, helped by a pull-back in the dollar and yields as markets awaited the release of Federal Reserve minutes for guidance on upcoming interest rate hikes.
The pound fell from around 24.7 for $1 to just over 26.3 against the dollar, less than two weeks after Egypt and the IMF formally ratified the support package
“In my view … it will be appropriate to continue to raise rates at least at the next few meetings until we are confident inflation has peaked,” Kashkari said in an essay posted on the regional Fed bank’s website, even as he noted increasing evidence price pressures appear past their worst.
That was the weakest reading since May 2020, when the economy was slammed by the first wave of COVID-19 cases, and pushed the index just below the 48.7 level, which the ISM says is consistent with a recession in the broader economy.
Based on the OI percentage, a short build-up was witnessed in 110 stocks on Wednesday, including Gujarat Gas, Indus Towers, PVR, Atul, and Deepak Nitrite.
Based on the OI percentage, a short build-up was witnessed in 110 stocks on Wednesday, including Gujarat Gas, Indus Towers, PVR, Atul, and Deepak Nitrite.
It has an asset base of over Rs 60,000 crore in 10 states across the parent company and two Infrastructure Investment Trusts (InvITs), IRB infrastructure said.
In a speech setting out the Conservative government#39;s priorities for the year ahead, Sunak focused on tackling the U.K.#39;s slowing economy and made promises to reduce national debt.