Wall Street rises as Powell solidifies expectations of a September rate cut

As dovish comments from US Federal Reserve Chair Jerome Powell cemented expectations that the central bank will lower its key policy rate in September, US markets rose on Friday. “The time has come” to decrease the Fed funds target rate, Powell declared in highly anticipated remarks prior to the Jackson Hole Economic Symposium, adding that

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HUDCO and Cochin Shipyard, two PSU equities, are two of the thirteen additions to the FTSE All-World index

The global index producer FTSE revealed modifications to its All-World Index on Friday, including 13 Indian stocks. India added the most stocks to the index, followed by six Taiwanese stocks, two stocks from Korea and Hong Kong, and one stock from Australia.  Bank of Maharashtra, Bharat Dynamics, Central Bank of India, HUDCO (Housing and Urban

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For the eighth straight session, the Nifty 50 continues to soar, and the BSE Mcap hits a new high of ₹462 lakh crore

On Monday, August 26, the Indian stock market saw significant gains. The Nifty 50 and the Sensex increased by around 1% each, indicating that investors were pleased with US Fed Chair Jerome Powell’s announcement last Friday at Jackson Hole that a policy adjustment was warranted.  The rise in the Indian stock market reflected the optimistic

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As Fed’s Powell suggests a rate drop, the Dow rises more than 400 points

 Following US Federal Reserve Chairman Jerome Powell’s announcement on Friday that the bank was prepared to lower interest rates as inflation was slowing, stock markets surged. After the speech, the broad-based S&P 500 climbed more than one percent, the Nasdaq gained 1.3 percent, and the Dow was up 476 points, or 1.17 percent. On Thursday,

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Prior To Inflation Tests, Asian Stocks Rise And Oil Prices Increase

Ahead of inflation statistics that investors believe will open the door for rate reduction in the US and Europe, Asian markets tentatively rose on Monday. Meanwhile, the dollar and bond yields were declining. After Hezbollah and Israel exchanged airstrikes and rocket salvos on Sunday, raising concerns about potential supply disruptions in the event that the

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Jio Financial Services Gets Approval To Increase Foreign Investment Limit To 49%

Owner of Jio, billionaire Mukesh Ambani The Department of Economic Affairs has granted approval to Financial Services to raise the maximum amount of foreign investment, including FPIs, to 49% of the fully diluted capital of paid-up equity shares. Exchange statistics indicated that of the approximately 53% of shares that are publicly traded, foreign investors presently

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