The Nifty continues to move sideways within a narrow range, resisting near the 23,400 zone. Sector-wise, media, PSU banks, energy, infra, and metals were among the major gainers, while FMCG was among the major laggards in trade on June 12. INDIAVIX cool-off to 14.46 levels, indicates less intraday volatility. Across the globe, the Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%. Jerome Powell said, the central bank does not yet have the confidence to cut rates, even as inflation has eased from its peak levels. Moneycontrol's Stacy Pereira speaks with Peter Cardillo from Spartan LLP, Osho Krishan, Sr. Analyst, Technical & Derivative Research at Angel One Ltd and Kunal Valia, Founder Stat Lane on Opening Bell.
first published: Jun 13, 2024 09:19 am
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