Fed, US CPI data spread cheer on Wall Street; Will Nifty hit 23,500 on strong global cues? | Market Minutes

In this episode of Market Minutes, Nandita Khemka talks about the key factors to watch out for today before the domestic market opens. Markets will react to the FOMC meet outcome, US CPI data and Indian macro data as well. The US Federal Reserve held rates steady, indicating only one rate cut this year but a more aggressive rate cut path for next year. Wall Street rallied post Fed meet outcome with the S&P 500 shutting shop above the 5,400 mark for the first time. Will Nifty hit 23,500 following positive global cues? L&T Finance & Nestle India will be among the stocks that will be in focus. Also, catch Anirudh Garg, Partner and Head of Research at Invasset PMS on the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

Moneycontrol News

June 13, 2024 / 08:19 IST