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If you take the continuum of income and consumers out there, the upper half of that is relatively inelastic to some costs going up to some extent or another where the bottom half is going to be more sensitive," said Shawn Cruz, head trading strategist at TD Ameritrade in Chicago.

If you take the continuum of income and consumers out there, the upper half of that is relatively inelastic to some costs going up to some extent or another where the bottom half is going to be more sensitive," said Shawn Cruz, head trading strategist at TD Ameritrade in Chicago.

At the beginning of this month, the U.S. central bank delivered a fourth consecutive 75 basis-point rate hike to tame inflation in what has become the fastest tightening of monetary policy in 40 years.

At the beginning of this month, the U.S. central bank delivered a fourth consecutive 75 basis-point rate hike to tame inflation in what has become the fastest tightening of monetary policy in 40 years.

Inox Green Energy Services will make Dalal street debut on Wednesday after running its initial public offering between November 11-15 as the company raised Rs 740 crore by selling its shares in the range of Rs 61-65 apeice.

Inox Green Energy Services will make Dalal street debut on Wednesday after running its initial public offering between November 11-15 as the company raised Rs 740 crore by selling its shares in the range of Rs 61-65 apeice.

Meanwhile the release of U.S. Federal Reserve minutes from its November policy meeting later on Wednesday is being keenly awaited by investors as they look for insight of how officials view economic conditions.

Ujjivan Small Finance Bank has also raised deposit rate on some buckets in sync with the evolving macro-economic trend. With tightening liquidity and growth in demand for loans, the scramble for deposits may become more intense.

Economists have factored a lower growth for the September quarter at 6.5 percent compared to 13.5 percent in the June quarter. Despite risks of a further slowdown, the Reserve Bank is still expected to deliver a 35 to 50 basis points ( one bps is 0.01 percent) rate hike to manage inflation within the mandated band of 2-6 percent.

"From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University.