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
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Indian stocks open with minor fall; investors glued to US Fed outcome
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 stocks open with minor fall; investors glued to US Fed outcome
Breaking

Indian stocks open with minor fall; investors glued to US Fed outcome

Agencies
Last updated: September 21, 2022 10:36 am
Agencies
Published: September 21, 2022
Share
4 Min Read
SHARE

Snapping two-day gains, Indian stocks traded a tad lower but with a positive bias on Wednesday morning as investors await the actual degree of rate hike by the US Federal Reserve, if at all, for fresh cues.

A two-day monetary policy meeting of the US central bank commenced on Tuesday, and the outcome will be announced today late in the evening. At 9.21 am, Sensex traded at 59,705.32, down just 14.42 points or 0.024 per cent, whereas

Nifty traded at 17,812.85 points, down 3.40 points or 0.019 per cent.
Among the Nifty 50 companies, 31 advanced and 19 declined at the time of writing this report, National Stock Exchange data showed.

“The overarching trend in the market now is India’s outperformance vis-a-vis other markets, particularly the mother market US. The big question is whether this outperformance can sustain. This is possible since the Indian economy and corporate earnings are outperforming,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
However, the risk is the high valuation of Indian stocks, Vijayakumar said.

“If there is a sharp cut in the US market on recession fears triggered by sharp rate hikes or if the Ukraine war escalates, as some fear now, the Indian market too will be impacted.”

This morning, other Asian markets too traded on a negative note as investors await for the outcome of the US Fed.
Consumer inflation in the US declined marginally in August to 8.3 per cent from 8.5 per cent in July but is way above the 2 per cent goal. Several senior top bankers recently said that another interest rate hike is imminent.

Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby enabling the inflation rate to decline.

The US central bank is expected to raise the rates by another 50-75 basis points. Already it has increased rates by 150 basis points.

The US Federal Reserve will be single-mindedly focused on inflation until it is lowered closer to the 2 per cent target on a sustained basis, said global business intelligence solution firm S&P Global Market Intelligence. It is expected to raise the rates by another 75 basis points to a range of 3 per cent to 3.25 per cent — which would be the third consecutive increase of that magnitude.

US Federal Reserve Governor Christopher J. Waller recently gave a hint the decision at the monetary policy meeting will be “straightforward” and the central bank will continue to fight inflation aggressively.

Meanwhile, RBI too will sit for a monetary policy review later this month and further rate hikes are highly expected. Morgan Stanley expects a 50 basis points hike by the RBI.

As per schedule, the next three-day monetary policy meeting will be held during September 28-30. (ANI)

Arvind Kejriwal to resign as CM in two days, calls for early polls, says “won’t hold position till public gives verdict”
Whether Statehood was another “Jumla” of Modi Government: Karra asks BJP
SSB postpones OMR based examination scheduled on Dec 29
PM Modi says India stands ready to offer assistance after 7.7 quake hits Myanmar, tremors felt in Thailand
Union MoS for Agriculture and Farmers Welfare visits Fruit Mandi Sopore, listens to concerns of fruit growers

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 Indian table tennis is enjoying a golden era: Sathiyan
Next Article India will overtake UK to become 3rd largest economy by end of decade: UK High Commissioner
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

Hyderpora underpass turns into cab stand, sparks safety concerns
City
May 26, 2025
Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
Kashmir
May 26, 2025
SACPPE holds session to safeguard children from unexploded shells in Uri
Kashmir
May 26, 2025
‘Prem Visheshagya’ brings laughter to Natrangs’ Sunday theatre
Jammu
May 26, 2025

Recent Posts

  • Hyderpora underpass turns into cab stand, sparks safety concerns
  • Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
  • SACPPE holds session to safeguard children from unexploded shells in Uri
  • ‘Prem Visheshagya’ brings laughter to Natrangs’ Sunday theatre
  • Admin spreads awareness on drug abuse in Sgr

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?