GAGA Share Market News

[hfe_template id='11223'] [ad_1] Millions of investors across the globe will have their eyes glued to their screens tonight when the Federal Open Market Committee meeting gets underway. At stake is the answer to the trillion-dollar question of whether the Federal Reserve — in its wisdom —will decide to keep the interest rates higher for longer, or will it, as a few economists are hinting, make a hawkish pivot. Chair Jerome Powell, could chalk out a future trajectory, without any rate cuts this year, or bring it down from the three rate cuts the other Fed officials were projecting. Young retail Indian investors can mistakenly treat these macroeconomic developments lightly, believing instead that it won’t have an impact on the Indian markets. But that would be a costly blunder. Market players love to cite a dictum. It goes: When the US sneezes, the world catches a cold. It means that macroeconomic and financial developments within the US have larger repercussions on the gl...

[hfe_template id='11223'] [ad_1] Indian headline indices returned to their winning ways after a one-day hiatus, led by strong buying action in banks. While the S&P BSE Sensex rallied 990 points to hit the day's high of 74,721.15, the broader Nifty50 climbed by over 230 points to hit 22,655 mark. Finally, the Sensex on Monday settled at 74,671.28, up 941.12 points or 1.28%, while Nifty 50 closed at 22,643.40, gaining 223.45 or 1%. Volatility remained high as India VIX closed at 12.24%, gaining 12% over Friday’s closing. Here are a few factors that led to the surge in Nifty and Sensex: 1) Banks and financials shine Banking stocks which corner the highest weight in the 50-stock Nifty were trading with strong momentum. ICICI Bank, SBI, HDFC Bank and Kotak Bank were four of the top five index contributors today.The Nifty Bank index hit a fresh lifetime high today, rising 1,200 points. Barring IDFC First Bank and Bandhan Bank, the remaining 10 counters in Nifty Bank we...