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Futures on the fed funds rate have priced in about 76 basis points of additional rate cuts by the Federal Reserve by year-end. This follows a recent decision to cut interest rates by 50 basis points, amid concerns about the U.S. labor market. Rate futures also indicate a probable 25 basis point cut in November.

The Federal Reserve has announced a half-point rate cut before the end of this year and an additional percentage point cut in 2025. This decision will lower borrowing costs for consumers and businesses. The Fed is confident that inflation is moving towards its 2 percent target, with balanced risks to employment and inflation goals.

Indian indices ended lower on Wednesday, breaking their two-day winning streak. Nifty formed a spinning top candle, indicating short-term hesitation. Analyst Hrishikesh Yedve recommends a buy on dips strategy as long as Nifty stays above 25,080. Resistance is at 25,500, and support is at 25,280-25,300.--

The announcement will be made at 11:30 pm Indian Standard Time on Wednesday. Analysts widely expect the US Federal Reserve to announce its first interest rate cut in over four years. While the exact size of the reduction remains uncertain, with predictions ranging from a quarter to a half percentage point, senior officials have signaled an impending cut.

Indian indices closed lower, influenced by declines in IT stocks like Infosys and TCS. BSE surged on IPO hopes, while Torrent Power gained after a major contract win.

Indian indices ended lower on Wednesday after hitting record highs, dragged by IT stocks Infosys and TCS. Nifty closed at 25,377.55, down 41 points. Analyst Rupak De sees support at 25,300 and resistance at 25,500.

Delhivery Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 31410.53 Crore) operating in Logistics sector.

Infosys Ltd. key Products/Revenue Segments include Software Products and Software Development Charges for the year ending 31-Mar-2024.

Gold prices continued to shine bright by rallying Rs 170 to Rs 73,264 per 10 grams on the MCX on Wednesday amid a bullish trend in the international markets ahead of the US Federal Reserve interest rate decision. In the futures trade on the Multi Commodity Exchange (MCX), gold contracts for October delivery was trading higher by Rs 170, or 0.23 per cent, at Rs 73,264 per 10 grams.

Investors showed interest in bank stocks, while consumer durables, energy, oil & gas, healthcare, and IT stocks experienced selling pressure.