Base Metal Outlook: Copper futures climbed above $4.3 per pound in mid-September, scaling the highest levels in two months as the US Federal Reserve jumbo rate cut boosted the global economic outlook, fuelling a rally in risk assets.
Spot Gold Above $2603, Very Strong Next Target $2618——$2640 [Don’t Even Think About Selling It]
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MCX Copper Rises As Expected, From 802 to 817
MCX Copper Tips – Free Copper intraday trading tips for today with targets and stop loss, Neal Bhai Best Trading Advice, Copper Target, Copper Trading Tips for today.
Hdfc Bank share are up by 1.44%, Nifty up by 0.55%
Hdfc Bank Share Price Today on 19-September-2024: On the last trading day, HDFC Bank opened at ₹1696 and closed at ₹1718.75. The stock reached a high of ₹1718.9 and a low of ₹1696 during the trading session.
Reliance Infrastructure share price rises up to 7.5%, inching close to 1-year high on substantial reduction in debt
Stock Market Today: Reliance Infrastructure share (NSE: RELINFRA) price gained up to 7.5% in morning trades on Thursday and was very close to 1-year (52-week) high. The Reliance Infrastructure share price has been buzzing with news flows as it has reduced standalone external debt from ₹3,831 Crore to ₹475 Crore.
Fed Meeting press conference quotes
Fed Meeting press conference: Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.
फेड ने ब्याज दर 50 आधार अंक घटाकर 4.75%-5% कर दी
अमेरिकी फेडरल रिजर्व (Fed) ने बुधवार को घोषणा की कि उसने सितंबर की नीति बैठक के बाद नीति दर, संघीय निधि दर को 50 आधार अंकों से घटाकर 4.75%-5% की सीमा तक कर दिया है। हालांकि बाजार का पूर्वानुमान 25 बीपीएस दर कटौती का था, लेकिन 50 बीपीएस कटौती की उम्मीदें बढ़ रही थीं।
Fed to Begin Cutting Interest Rates, Signal Next Steps
The Federal Reserve (Fed) is widely expected to lower interest rates this week after holding borrowing costs at a two-decade high for more than a year.
Sensex, Nifty: Will stock market rally post US Fed rate cut decision today?
Benchmark indices Sensex and Nifty were range-bound in Wednesday’s trade, much in line with Asian peers, as investors globally eye the outcome of the two-day US Federal Reserve’s policy review later today. Analysts are largely betting on a 25 basis points (bps) rate cut, though they do not rule out a bigger 50-bp move. What stock investors would cheer, analysts said, is a small cut with a dovish Fed commentary on future rate cuts.
Gold Investors Await Fed Policy Announcements
Gold Investors And Fed Policy: The US economic calendar will feature Retail Sales data for August on Tuesday. Investors expect a monthly increase of 0.2% following the 1% growth recorded in July. A negative print could make it difficult for the USD to find demand and help Yellow Metal edge higher. Nevertheless, the market reaction is likely to remain short-lived, with investors refraining from taking large positions ahead of the Fed’s monetary policy announcements on Wednesday.