Latest Stock Market News

In a statement Wednesday following a two-day meeting in Washington, the Federal Open Market Committee repeated that it “is highly attentive to inflation risks.” The central bank also reiterated it “anticipates that ongoing increases in the target range will be appropriate,” and “is strongly committed to returning inflation to its 2% objective.”

"The historical record cautions strongly against prematurely loosening policy," Powell told reporters after the Fed announced its third consecutive 0.75 percentage point increase in the benchmark interest rate.

“If your business model suggests that once the customer is in, then there is no exit for them. We do not like it,” said Buch at the Global Fintech Fest in Mumbai on Wednesday.

“On a closer look at the selling by overseas investors closely, it can be seen that much of it is in the large-cap space and not in the mid-cap or small-cap space,” said Emkay Wealth Management.

The Dow Jones Industrial Average gained 171 points, or 0.56%. The S&P 500 climbed 0.57%, and the Nasdaq Composite added 0.34%.

Such disclosures need to be updated by the CRA on the first working day of each month. The disclosure should include a reference to the date it was last updated by the CRA, along with a reference or hyperlink to archives of previous such disclosures.

The brokerage derived its target price on the company by applying a 15x PE multiple to the Mar-24CL earnings estimate, a 16 per cent discount to the five-year average multiple. However, the brokerage sees delays in project execution, and lower-than-expected order book inflows could pose risks to estimates.

Short-term support for Nifty is seen at 17,500-odd levels, which happens to be the 34-day EMA. Resistance for Nifty is seen at 18,100 odd levels. For the last 6 weeks, Nifty has been in a tight consolidation zone. Breakout from the 17,500-18,100 range would give directional movement in Nifty.

>> For more such web stories click on the ET icon below

Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.