Indices
Markets are likely to remain vulnerable and volatile after the US Federal Reserve increased the interest rates by 25 basis points, first hike since 2023, also indicating another hike later this year.
Nifty Outlook: Nifty could continue to see selling pressure or remain cautious today, and on the downside, 23100-23050 remains a critical support/buying zone. A breakout below this level could result in increased selling pressure and move the index towards 23,000 zone.
Commodities
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Brent Crude: Brent crude prices are now trading at ~106/barrel.
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Gold: Gold Price is ₹1,57,095 for 10 gram of 24 karat gold.
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Silver: The price of silver in Mumbai today is ₹234.8 per gram and ₹2,34,896 per kilogram.
FII/DII Data
FII/FPI: -2038 crore
DII: +3908 crore
Global Markets
GIFT Nifty: Gift Nifty is trading flat 23,245, -21 points from previous day closing.
US Markets: US Markets closed lower on Wednesday due to Federal Reserve interest rate hikes.
Asian Markets: Asian stock markets are trading higher on Thursday, ranging from 0.30%-0.80% increase.
News & Events
- Federal Reserve has increased its interest rate by 25 basis point, a hike after 3 years.
- Adani Enterprises, Tempsens Instruments, Honasa Consumer to have their Conference call today.
- Neogen Chemicals allotted 26,60,753 shares in a ₹600 crore QIP at ₹2,255 each.
- Punjab National Bank established a USD 1.5 billion Euro Medium Term Note Programme.
- RailTel received LoI from Prasar Bharti for additional WAVES OTT platform services, estimated at Rs. 63.15 crore.
- Fortis Healthcare subsidiary signs 29-year healthcare agreement for 400+ bed Ashok Vihar hospital; loan up to Rs 567 crore.