International markets rise because the Fed alerts no rate of interest hike

Business Standard

Inventory Market Updates on November 02, 2023: The Indian inventory market appears to be like set to start out Thursday’s buying and selling session on an upbeat observe following a rally in world markets after the US Federal Reserve signaled a pause in rate of interest hikes sooner or later.

At 7:00 AM, Present Nifty futures value was quoted at 19,200, indicating a possible hole of over 100 factors on the NSE index.

In a single day, the US market rose sharply after the US Federal Reserve left rates of interest unchanged for the second time in a row. The S&P 500 rose 1 %, the Nasdaq rose 1.6 %, and the Dow Jones rose 0.7 % every.

Federal Reserve Chairman Jerome Powell indicated that policymakers would stay heading in the right direction, downplaying the Fed’s September forecast to lift rates of interest once more this 12 months.

The yield on the 10-year Treasury observe fell to 4.71 % after the market closed. In commodities, Brent crude traded round $85 per barrel, whereas gold costs fell beneath the $2,000 degree.

Markets within the Asia-Pacific area additionally noticed buoyant positive factors. The S&P/ASX 200, All Orddinaries, Nikkei and Kospi indexes rose greater than 1 per cent every.

Again residence, amongst shares, Adani Group shares are prone to be in focus with Adani Enterprises and Adani Energy reporting their outcomes. Amongst others, Dabur, Godrej Properties, IRFC, Karnataka Financial institution, Suzlon and Tata Motors are additionally scheduled to report September quarter earnings at present.

Within the major market, Mamaearth’s IPO will shut at present. The difficulty has been subscribed to date by 70 %.

(tags for translation) Reside inventory market

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