Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Indian stock indices extend losses, fall marginally Friday
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > Indian stock indices extend losses, fall marginally Friday
Breaking

Indian stock indices extend losses, fall marginally Friday

ANI
Last updated: March 24, 2023 11:51 am
ANI
Published: March 24, 2023
Share
3 Min Read
SHARE

Indian stocks extended their losses from the previous session and opened marginally lower on Friday.

Largely, the fall is in line with weakness in the US markets, which are volatile as the US Federal Reserve further hiked interest rates to bring down inflation to its target even as volatility in the banking system continued due to the recent collapse of some banks. Sensex and Nifty declined 0.2 per cent each at the time of writing this report.

Monetary policy tightening in the form of interest rate hikes in the advanced economies is detrimental for India, and other developing countries, as investments tend to shift to those advanced countries where returns on investments are reasonable and stable.

The US monetary policy committee, seeking to achieve maximum employment and inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by 25 basis points to 4.75-5.0 per cent.

“The ongoing stress in the US banking system is a short-term challenge, but a long-term opportunity for equity investors,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

“Market corrections triggered by negative news from the US can be used by long-term investors to buy high-quality stocks, which will bounce back once interest rates start trending down,” Vijayakumar.

After the latest hike, the committee anticipates that some “additional policy firming” may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 per cent over time.
Consumer inflation in the US moderated in February to 6.0 per cent from 6.4 per cent the previous month, but the numbers are still way above the 2 per cent target. It was at 6.5 per cent in December, and 7.1 per cent the month before.

The US central bank’s policy rate, which is now in a target range of 4.75-5.0 per cent, the highest in 15 years, and notably, it was near zero in the early part of 2022. Raising interest rates typically help in cooling demand in the economy and thus helps in managing inflation.

“U.S. stocks finished higher in volatile trading on Thursday, clawing back some of the Wednesday’s selloff as investors attempted to shake off concerns about banking-sector stability and the impact of an expected credit crunch,” said Deepak Jasani, Head of Retail Research, HDFC securities. (ANI)

Gujarat Elections: PM Modi to hold 50 km long roadshow in Ahmedabad today
Militant killed in Rajouri encounter
District Admin Ganderbal holds mega Block Diwas at Lar
J&K Bank Q3 net profit up 79% YoY to Rs 312 Cr
Five Budgam villages declared as Drug Free / Nasha Mukt

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Jio comes up with new Cricket Plans as world gears up for IPL 2023
Next Article PM Modi extends wishes on beginning of Ramzan
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

As Pak reels under Indian pressure, Nawaz Sharif advises brother Shehbaz to ease tensions diplomatically
Breaking National
May 9, 2025
MHA writes to states, UTs to strengthen Civil Defence measures amid hostile threats
Breaking National
May 9, 2025
CM Omar Abdullah visits camps in Jammu & Samba
Developing Story Jammu and Kashmir News
May 9, 2025
Javed Rana visits Pir Panjal, reviews border evacuation efforts
Breaking
May 9, 2025

Recent Posts

  • As Pak reels under Indian pressure, Nawaz Sharif advises brother Shehbaz to ease tensions diplomatically
  • MHA writes to states, UTs to strengthen Civil Defence measures amid hostile threats
  • CM Omar Abdullah visits camps in Jammu & Samba
  • Javed Rana visits Pir Panjal, reviews border evacuation efforts
  • J&K Govt Makes Key Appointments in Jal Shakti Department

Recent Comments

  1. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  2. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  3. dr gora on Women Veterinarians and the Goal of Viksit Bharat
  4. jalwa game login on National Education Policy 2020: Transforming India’s Educational System
  5. Virender Bhat on Pahalgam Attack: A War on Humanity, Peace, and Kashmiriyat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?