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New York Federal Reserve President, John Williams, has said that it is too early to conclude whether the Fed is done with interest rate hikes, observing that any additional policy firming may be required to curtail inflation. Williams maintained that the vibrant job market remains strong and expects the economy to grow moderately this year. However, he anticipates that the inflation rate will fall to 3.25% this year and return to the 2% target by 2025. At the moment, traders are still pricing in the strong possibility of a rate cut this year, with many forecasting that the Fed will remain unchanged during its June meeting.

The Indian stock market ended mixed on Tuesday. S&P BSE Sensex was flat while the Nifty50 managed to maintain 18250 levels. Telecom, IT, and auto stocks witnessed buying while selling was seen in public sector, utilities, and realty. Stocks like Mahanagar Gas, Indraprastha Gas, and Firstsource Solutions were up. Experts recommend buying MGL, IGL, and FSL on current dips as they are looking good on the chart and more upside can be seen in the next 6-8 months.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

The fast moving consumer goods major is seen reporting a double-digit growth in the consolidated net profit for the March quarter, on the back of a similar growth in the topline.

The Carlyle Group has invested $5bn in India over the past 18 years, with private equity among the top sectors for the firm, according to Chairman of Carlyle Asia, Xiang-Dong Yang. India’s GDP growth, increased scale and complexity of the country’s economy, and the growing number of capable entrepreneurs position it well for the next five to 20 years, said Yang. He highlighted the mobility factor of production and increasing productivity gains as key drivers for sustained growth, and said India has become more sophisticated in talking about sectorial themes.

The Indian Banks’ Association has approached the Reserve Bank of India (RBI) to facilitate capital relief for banks and financial institutions (FIs) in order to boost trade credit insurance penetration in the trade finance line of business. This move is expected to propel forward factoring and bill discounting products that are backed by trade credit insurance.

JPMorgan believes the $45 billion worth of investments and capex across business verticals to be fully value accretive by FY25. This is not priced in by the current stock price which offers an attractive risk-reward, the brokerage said.

Analysts said the disruption by ONDC, where consumers are buying food and grocery at cheaper prices, has hurt investor sentiment in loss-making Zomato.

These bonds were issued in 2019 when APSEZ had raised $650 million through five-year bonds due for maturity in July 2024. After the US-based activist shortseller Hindenburg Research released an adverse report on Adani Group in January, the bonds fell to 86/88 cents on the dollar, and has since recovered to 97 cents, said a bond trader.

In the last four months, at least six members have faced the issue of a freeze on their client bank accounts, according to ANMI. The settlement process of a large mutual fund was also stalled recently after a client filed a complaint against a broker with the Mumbai police.