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Oil falls again as concerns grow over global economy, China COVID cases
Lending oil some support, the dollar weakened on Wednesday after posting big gains in the previous session. A weaker dollar typically boosts demand for oil as dollar-denominated commodities become cheaper for holders of other currencies.Fed meeting minutes may point to rate-hike endgame, new debate phase
The overall tone of the minutes is still likely to show inflation has top billing among policymakers. It has been slowing for several months, but as of November the Fed’s preferred inflation gauge – the personal consumption expenditures price index – was still rising at a 5.5% annual rate, more than twice the U.S. central bank’s 2% target.RBI lifts curbs on loan recovery via third parties: Mahindra Fin Services
Mahindra and Mahindra Financial Services said on Wednesday the Reserve Bank of India lifted curbs placed on the company last year that had prevented it from using third-party services for loan recovery.Stocks, bonds extend precarious rally on hopes rate hikes ease
Euro zone government bonds likewise extended their rally from the first two trading days of 2023, with the benchmark German 10 year yield sliding 10 basis points on signs central banks are making progress against inflation.Q3 rev growth slowed on muted rural demand, says Marico
However, Marico expects gross and operating margins to improve in the quarter as key input costs and consumer prices across key franchises saw some stability.Gold rises Rs 378; silver declines Rs 147
“Gold continues to trade positive hovering around its six-week high amidst a fall in dollar index. Investors await minutes from the Federal Reserve’s December policy meeting that could offer hints on the US central bank’s tightening path,” Navneet Damani, Senior VP – Commodity Research at Motilal Oswal Financial Services said.Share market update: Most active stocks in today’s market in terms of volume
The NSE Nifty index closed 189.6 points down at 18042.95Multibagger smallcap that rallied over 2,100% to go ex-split next week
In respect of the stock split, the record date has been fixed as January 10, 2023. The company, in its filing with the exchanges on December 29, intimated about the record date and said, “We would like to inform to the exchange that Board of the Directors of the CompanyStock market update: Nifty Auto index falls 0.81%
The Nifty Auto index closed 0.81 per cent down at 12512.05.