US economic data
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| April 7, 2024, 7:16 a.m.
Gold Hits Record High at $2330 Amid Middle East Tensions and Fed Rate-Cut Hints
Gold closed at a record high of $2330 amidst escalating Middle East tensions, positive US economic data, and hints of potential rate cuts by the Fed Chair. Despite surging yields and steady US Dollar, gold rallied for the third straight week, posting significant gains driven by geopolitical uncertainties. The upcoming US CPI data and FOMC minutes will be crucial for market direction, with resistance at $2360/$2400 and support at $2300/$2250/$2200.
Read More.| March 31, 2024, 9:15 a.m.
RBI's Monetary Policy Decision and Global Trends to Influence Investor Sentiment
The upcoming Reserve Bank of India's (RBI) interest rate decision, along with macroeconomic data and global trends, will shape investor sentiment in the week ahead. Markets are hopeful of continuing the positive momentum after a strong finish to FY24. Factors such as the RBI's Monetary Policy Committee meeting, auto sales data, rupee-dollar trends, crude oil prices, and foreign investment activity will be closely monitored. Additionally, US economic data and Federal Reserve Chairman Jerome Powell's speech will impact market sentiment. Despite anticipated volatility, market outlook remains positive, driven by domestic and global economic indicators.
Read More.Stories
Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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