Sensex, Nifty likely to start in the red amid weak global cues, Fed’s 25 bps rate hike
Indian stock markets today are expected to start weaker taking cues from US markets post the US Fed’s announcement of a 25 bps rate hike.
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Goldman Sachs forecasts three additional US Fed rate hikes but no reductions in 2023
Following the release of the eagerly anticipated US jobs report and the increase in producer prices, Goldman Sachs forecasts three additional US Fed rate hikes without a rate decrease in 2023.
FPI pull over ₹6,400 crore from Indian equity markets
According to news agency PTI, foreign investors withdrew around 6,400 crore from the Indian equity market in the first four trading sessions of the current month after the Reserve Bank of India (RBI) and the US Federal Reserve boosted interest rates.