Go First owner has no plans to exit airline The earnings momentum is expected to continue on Thursday as auto major Hero MotoCorp, TVS Motor and FMCG giant Dabur India along with others are scheduled to release their fourth-quarter earnings of the previous fiscal today. Prominent companies such as Titan, Tata Chemicals and MRF among others announced their Q4 earnings along with some broader market firms on Wednesday. central bank raised its benchmark overnight interest rate by a quarter of a percentage point to the 5.00%-5.25% range, as expected by financial markets, but in doing so dropped from its policy statement language saying that it "anticipates" further rate increases would be needed. Brent hit a session low of $71.70 a barrel, its lowest since March 20. Federal Reserve raised interest rates and as investors fretted about the economy.īrent futures settled $2.99 lower, or 4%, to $72.33 a barrel, the global benchmark's lowest close since December 2021.
It is holding just below a 13-month high of $1.1096 reached last week.Ĭrude oil prices fell 4% on Wednesday, extending steep losses from the previous session after the U.S. The dollar index was last down 0.42% on the day at 101.42, after hitting 101.05, the lowest since April 26. The dollar fell on Wednesday after the Federal Reserve raised interest rates by a quarter of a percentage point and signaled it may pause further increases. The rupee consolidated in a narrow range and settled for the day higher by 7 paise at 81.80 against the US dollar on Wednesday, tracking the weakness of the American currency in the overseas market.įorex traders said significant foreign fund inflows and crude oil prices below USD 75 a barrel also supported the local unit. It opened at 18,155 and touched the day’s high at 18,175.5 levels. Singapore Exchange (SGX) Nifty - an early indicator of the Nifty 50 index - was down 75 points or 0.42 per cent at 18,085 at this hour on Wednesday, suggesting a weak start ahead in the Indian share market today. Hong Kong’s Hang Seng was up over 0.4 per cent, while South Korea’s Kospi was down 0.6 per cent today. Most Asian stocks were mixed tracking the negative sentiment from US markets during the early morning session on Thursday. central bank's next move would be with interest rate hikes. US stock markets ended lower on Wednesday, reversing gains after comments by Federal Reserve Chair Jerome Powell left investors wondering what the U.S. We have collated a list of the top 10 news points which could impact markets, companies, or the economy: Stay tuned to to find out what could impact your trade today.
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