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Last week, Federal Reserve Chair Jerome Powell said the U.S. central bank will deliver more rate hikes next year, even as the economy slips towards a possible recession. * Gold is seen as an inflation hedge, but higher interest rates raise the opportunity cost of holding the asset.

In a surprise move, the BOJ on Tuesday decided to let long-term yields move 50 basis points either side of its 0% target, wider than the 25 basis point band previously, even as the central bank kept broad policy setting unchanged.

Sectorally, buying was seen in energy, IT, and oil and gas stocks while some selling was visible in telecom, realty, auto, and FMCG stocks.

Bombay Rayon will convene the board meeting to consider, approve and take on record the standalone and consolidated unaudited financial results of the company for the quarter and six months ended on 30 September, 2022.

This is the third time that the Nifty PSE index is approaching the 4,500 mark. On the last two occasions, the index failed to move further, and had to face more than 16% fall.Technical analyst Milan Vaishnav said a breakout is impending but the index is facing resistance at current levels.

​​A year that saw volume growth drop sharply due to the inflation impact on rural consumption,and profitability bearing the brunt of spiralling commodity prices, most FMCG majorsweathered the storm and managed to report growth in sales and profits.

“Urban India and discretionary branded consumption is doing very well but there is a clear slowdown in the rural parts of the country. But again, that is why India is getting cheap valuations in the rural facing stocks as well. In the stock markets, you pay a very high price for a cheery consensus. ”

Telecom operator, Bharti Airtel, has acquired a strategic stake of around 8 per cent in Lemnisk under its startup accelerator programme for an undisclosed amount.

The ranking model uses machine learning algorithms to predict the probability of an MSME becoming a non-performing asset (NPA) in the next 12 months.

The rating agency expects gross direct premium of general insurance companies to grow by 12% to 15% in the medium term with private insurers continuing to outperform government owned insurers.