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Market Headstart: Nifty likely to remain volatile, global cues to dictate the trend

The US Federal Reserve on March 3 cut interest rates by half a percentage point to a target range of 1.00-1.25% in an emergency move to mitigate the impact of the coronavirus

March 04, 2020 / 09:13 AM IST

The Indian market is expected to witness volatility on March 4, in sync with the trend seen in major global markets as the US Fed rolled out policy initiatives to curtail the economic impact of coronavirus.

Wall Street tumbled and Asian shares wobbled as an emergency rate cut from the US Federal Reserve failed to soothe investor fears over the coronavirus' widening fallout.

The US Federal Reserve on March 3 cut interest rates by half a percentage point to a target range of 1.00 percent to 1.25 percent in an emergency move to mitigate the impact of the coronavirus on the world's largest economy.

Besides, the Group of Seven nations (G7) failed to meet the expectations of the market as they vowed to use all appropriate policy tools to prevent the coronavirus crisis from damaging the global economy but did not announce any clear policy measures.