Highlights

  • US markets made a dramatic turn in late trade
  • Federal Reserve to raise rates in May meeting

Latest news

iQOO 10 to feature gimbal stabilization for its main camera

iQOO 10 to feature gimbal stabilization for its main camera

‘Ek Villain Returns’ first look posters out unveiled on the eighth anniversary of prequel

‘Ek Villain Returns’ first look posters out unveiled on the eighth anniversary of prequel

Gabriel Jesus set to join Arsenal from Manchester City

Gabriel Jesus set to join Arsenal from Manchester City

'Hope he gets an IPL contract': Hardik Pandya lavishes praise on Ireland's Harry Tector

'Hope he gets an IPL contract': Hardik Pandya lavishes praise on Ireland's Harry Tector

Alia Bhatt and Ranbir Kapoor to be parents: 'Mujhe woh pehle se maloom tha,' says Farah Khan

Alia Bhatt and Ranbir Kapoor to be parents: 'Mujhe woh pehle se maloom tha,' says Farah Khan

Sensex, Nifty weak on Fed rate hike fears

Sensex tanks 600 points, Nifty nears 17,200

Sensex and Nifty opened weaker along with global cues as markets across US to Asia fell after hawkish comments from the Fed Chair.

Broader Asian market gauge fell about 1% to a more than one-month low as yields shot up in anticipation of higher and faster hikes from the Federal Reserve.

Also read/watch| Fed fears spark sell-off, Powell braces for 50 bps hike, and more

Powell’s statements are critical as they come at a time when the US central bank is trying to tame inflation that is running at its fastest pace in more than 40 years.

News bases stocks such as Adani Ports on a new acquisition and HCL Tech on the back of strong earnings bucked the downside trend.

Up Next

Sensex, Nifty weak on Fed rate hike fears

Sensex, Nifty weak on Fed rate hike fears

World MSME Day: India's MSME industry set for a global introduction

World MSME Day: India's MSME industry set for a global introduction

Zero-star-hotel: Find out why hundreds are booking a room here

Zero-star-hotel: Find out why hundreds are booking a room here

Beware of massive Crypto scam, here is what you need to know

Beware of massive Crypto scam, here is what you need to know

Pakistan in crisis: Severe shortage of paper, textbook prints halted

Pakistan in crisis: Severe shortage of paper, textbook prints halted

Explained: Russia defaults on foreign debt for the first time since 1918

Explained: Russia defaults on foreign debt for the first time since 1918

More videos

Gaming and gambling same - GST council likely to slap 28% tax: reports

Gaming and gambling same - GST council likely to slap 28% tax: reports

Solana launches $1,000 crypto smartphone

Solana launches $1,000 crypto smartphone

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

NYC rents hiked by most in 10 years: Only 1 out of 5 full-time workers can afford it

NYC rents hiked by most in 10 years: Only 1 out of 5 full-time workers can afford it

Price of scooter and bikes to be hiked from July 1

Price of scooter and bikes to be hiked from July 1

Explained: Germany one step away from rationing gas, Russia cuts supply

Explained: Germany one step away from rationing gas, Russia cuts supply

Media Mogul Rupert Murdoch heads for 4th divorce at 91

Media Mogul Rupert Murdoch heads for 4th divorce at 91

Home buyers' dilemma as housing projects get stuck! What to do

Home buyers' dilemma as housing projects get stuck! What to do

This is what an average CEO salary in India is...

This is what an average CEO salary in India is...

Is the crypto ecosystem crumbling? Layoffs to withdrawals the chips start to fall

Is the crypto ecosystem crumbling? Layoffs to withdrawals the chips start to fall

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.