![Renowned banker and Kotak Mahindra Bank founder, Uday Kotak, has issued a stark warning about the potential for turbulence in the global economy. Renowned banker and Kotak Mahindra Bank founder, Uday Kotak, has issued a stark warning about the potential for turbulence in the global economy.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Funtitled-design-20240411t132234334jpg_1712822083970.jpg&w=3840&q=8)
April 11, 2024, 12:54 AM - 2 mins read
The latest policy review by the US Federal Reserve indicated a belief among officials that the key interest rate had likely peaked. However, they suggested a gradual easing of the monetary policy stance later in the year if economic conditions align with their projections.
Read more![Benchmark equity indices Sensex and Nifty jumped in early trade on Thursday in-tandem with a rally in global markets after the US Fed projected three rate cuts this year. Benchmark equity indices Sensex and Nifty jumped in early trade on Thursday in-tandem with a rally in global markets after the US Fed projected three rate cuts this year.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Foip-66jpg_1711001202615.jpg&w=3840&q=8)
March 20, 2024, 11:06 PM - 2 mins read
"The uncertainty regarding the Fed decision is over with the Fed keeping the rates unchanged and refraining from a hawkish message. The Fed chief's statement that "inflation has eased substantially while the labour market has remained strong" conveys conviction about the soft landing of the US economy and the possibility of probably three rate cuts this year.
Read more![In sync with the downward trend in Asian markets and the recent outflow of foreign funds, India's benchmark equity indices, Sensex and Nifty, experienced a decline in early trading on Tuesday. In sync with the downward trend in Asian markets and the recent outflow of foreign funds, India's benchmark equity indices, Sensex and Nifty, experienced a decline in early trading on Tuesday.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensex1jpg_1710825116710.jpg&w=3840&q=8)
March 18, 2024, 10:11 PM - 2 mins read
Leading the downturn in the Sensex were prominent stocks like Tata Consultancy Services, Nestle, Bajaj Finserv, Wipro, Maruti Suzuki India, Reliance Industries, Larsen & Toubro, and NTPC. However, Tata Steel, Bajaj Finance, JSW Steel, and Bharti Airtel showed signs of improvement.
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