Latest Stock Market News

There was no widespread support for a larger, half-percentage-point interest rate cut at the Federal Reserve meeting this week, Fed Chair Jerome Powell said on Wednesday, after the central bank cut its policy rate by a quarter point.

Federal Reserve Chair Jerome Powell said on Wednesday that while a slim majority of Fed officials foresee at least two more rate cuts this year, such moves remain conditional on data and evolving risks.

The US Federal Reserve has initiated a monetary easing cycle by cutting interest rates by 25 basis points, prioritizing a slowing labor market despite elevated inflation. This decision, breaking a prior pause, aims to stimulate the economy amid uncertain job growth and political pressure. Market analysts anticipate further rate reductions through 2026.

Wall Street indices showed mixed performance ahead of an anticipated Federal Reserve interest-rate cut. The Dow Jones rose, while the Nasdaq dipped, influenced by Nvidia s decline due to reported Chinese regulatory actions. Positive movements in defensive sectors and financials helped offset tech losses, with American Express reaching a record high.

Gold soared to a record high on Wednesday after the U.S. Federal Reserve cut interest rates by a quarter of a percentage point at its policy meeting.

HDFC Bank invested Rs 1 crore as an anchor in JD Cables’ Rs 69 crore SME IPO, joining 20 institutional investors. The IPO opens September 18 with a price band of Rs 144–152.

The Bank of Canada has lowered its key interest rate to 2.5%, a three-year low, citing a weak job market and reduced inflation concerns. This cut, the first in six months, comes after a previous easing campaign was paused in March. Governor Tiff Macklem highlighted the uncertainty caused by U.S.

iValue Infosolutions secured ₹168 crore from anchor investors like ICICI Prudential MF and Societe Generale ahead of its IPO. The IPO, opening September 18, aims to raise ₹560 crore through an Offer for Sale at a price band of ₹284-₹299 per share. The enterprise technology solutions specialist plans to list on BSE and NSE on September 25.

Shares in Puma jumped 10% on Wednesday, with traders pointing to a media report that two parties were preparing for a potential takeover of the German sportswear maker.