GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here is all you need to know before the market opens.
GIFT Nifty traded down 172 points or 0.79% at 21,646.50 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 127.20 points or 0.59% to settle at 21,743.25, while the BSE Sensex closed 482.70 points or 0.68% higher at 71,555.19.
Key things to know before share market opens on February 14, 2024
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The equity indices in the US closed in the red after the January inflation data came higher than expectations worrying the investors about rate cu…
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The rupee continued to trade in a narrow range ahead of the RBI policy meeting that was released on Friday. The RBI in its policy statement held rates unchanged and maintained its policy stance of ‘withdrawal of accommodation’. RBI to maintain its policy rate and stance considering India’s strong economic growth and sticky inflation. India’s GDP is projected to remain around 7%, whereas CPI is projected to be around 4.5% for FY25. Robust growth momentum means the MPC will be in no mood to cut rates sooner. The governor in his comments added that the outlook for agriculture and rural activity remains bright. He also mentioned that the success of the disinflationary process should not distract from the vulnerability…
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