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Overnight in the US, Nasdaq tumbled 1.5 per cent, and the S&P 500 declined nearly a per cent. Dow, however, ended with a modest 0.2 per cent loss.
Live Stock Market Updates: India’s equity benchmark indices are likely to start Thursday’s trading session on a subdued note after the US Fed stuck with forecasts for one more rate hike this year and indicated that rates would stay higher for longer.
For 2024, policymakers now expect the fed funds rate to end at 5.1 per cent as against the June forecast for 4.6 per cent. However, Fed chief Jerome Powell said the central bank will ‘proceed carefully.’
At 06:50 AM, GIFT Nifty quoted at 19,864, indicating a likely downtick of 50-odd points on the NSE benchmark Nifty50 index at the opening bell.
Overnight in the US, Nasdaq tumbled 1.5 per cent, and the S&P 500 declined nearly a per cent. Dow, however, ended with a modest 0.2 per cent loss.
In Asia, Kospi slipped over a per cent this morning. Japan’s Nikkei and Taiwan benchmark were down 0.7 per cent each.
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