It all begins Tuesday, when Federal Reserve Chair Jerome Powell delivers his two-day biannual monetary policy testimony on Capitol Hill. With the S&P 500 Index coming off its best week in a month, investors will be searching for any hint on the central bank’s interest-rate hiking path.
Foreign Portfolio Investors (FPIs) have withdrawn an estimated Rs 9,170 crore so far in May, as per the latest data from depositories and stock exchanges.
The Indian rupee on Wednesday (June 12) rose by 1.03 percent or 60 paisa to close the day's trading at 57.79 against the US dollar. This was the first appreciation after consecutive declines since June 04. It hit intraday low at 58.38 and a high of 57.72.
In an interview to CNBC-TV18, Atul Badkar of Edelweiss Securities said that post 31st December they have seen a very quick move of 2% on the Nifty and the market in the next few trading sessions should be in the range of 6100-6150.
Gold prices dipped below Rs 32,000 per 10 gm level in the national capital on sustained selling by stockists on sluggish demand amid a weakening global trend.
Gold prices on Tuesday today surpassed all previous highs to set new record of Rs 32,975 per 10 grams on demand from retailers for the peak marriage season Gold of 99.9 and 99.5 per cent purity advanced by Rs 2 each to Rs 32,975 and Rs 32,775 per 10 grams, respectively in bullion market.