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1101: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 likely to open lower after hawkish Fed remarks
FromMarketBuzz
1101: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 likely to open lower after hawkish Fed remarks
FromMarketBuzz
ratings:
Length:
2 minutes
Released:
Sep 21, 2023
Format:
Podcast episode
Description
Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower on September 21, Thursday, after the US Federal Reserve indicated it expected interest rates to remain higher for longer.
The Federal Reserve on September 20 held interest rates steady but stiffened its hawkish stance with a further rate increase projected by the end of the year.
The development in the US has left equity markets reeling under selling pressure. In the overnight session on Wall Street, the Dow Jones index ended 0.2 percent lower, S&P declined almost a percent while the tech-heavy Nasdaq index closed 1.5 percent lower.
Asian stock markets took a hit as investors exited riskier assets to take refuge in the safe-haven greenback after the US central bank struck a hawkish tone.
Meanwhile, Wednesday's trading session saw oil prices cool off from the recent peak. Oil prices have now hit a one-week low with futures hovering around the $90 a barrel mark.
Back home in the Indian market, Nifty 50 ended below the 20,000 level on September 20.
Heavyweight stock HDFC Bank was one of the top drags on the back of analysts cutting their estimates for the bank's earnings following an analyst meet.
Stocks to Watch: Fino Payments, Cipla, Biocon, Adani Green Energy, Coal India
Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session
The Federal Reserve on September 20 held interest rates steady but stiffened its hawkish stance with a further rate increase projected by the end of the year.
The development in the US has left equity markets reeling under selling pressure. In the overnight session on Wall Street, the Dow Jones index ended 0.2 percent lower, S&P declined almost a percent while the tech-heavy Nasdaq index closed 1.5 percent lower.
Asian stock markets took a hit as investors exited riskier assets to take refuge in the safe-haven greenback after the US central bank struck a hawkish tone.
Meanwhile, Wednesday's trading session saw oil prices cool off from the recent peak. Oil prices have now hit a one-week low with futures hovering around the $90 a barrel mark.
Back home in the Indian market, Nifty 50 ended below the 20,000 level on September 20.
Heavyweight stock HDFC Bank was one of the top drags on the back of analysts cutting their estimates for the bank's earnings following an analyst meet.
Stocks to Watch: Fino Payments, Cipla, Biocon, Adani Green Energy, Coal India
Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session
Released:
Sep 21, 2023
Format:
Podcast episode
Titles in the series (100)
769: MarketBuzz Podcast With Ekta Batra: Sensex, Nifty50 likely to open higher after GDP data by MarketBuzz