US GDP

The Sensex closed at 80,234.08, gaining 230.02 points or 0.29 per cent, while the Nifty50 ended at 24,274.90, up 80.40 points or 0.33 per cent, on November 27

At 6:40 AM, GIFT Nifty futures were trading 11 points higher at 24,228, suggesting a flat to positive start for the Indian bourses

The latest Fitch Ratings report says that the long-term growth of India's IT services sector will be supported by client spending on digital transformation, cloud migration, and AI

Inflation and higher interest rates are forcing households to prioritise essentials and cut back on discretionary spending

The agency's estimates come amid a fierce political debate in Washington over the surge of migration at the US-Mexico border and what should be done to control it

Consumer spending advanced at a less-robust 3.6% rate, according to the government's second estimate of the figures issued Wednesday

The bank forecast earnings for companies in the benchmark index to rise 10% after factoring in a "mild short" recession and a 19% increase if US gross domestic product grows by 2%

There is little conflict between dollar domination and Indian success

Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 239,000 for the week ended June 25, the Labor Department said

CLOSING BELL: The S&P BSE Sensex, meanwhile, rallied 349 points to settle at 60,649

Moody's Analytics on Tuesday said India's domestic economy, rather than trade, is its primary engine of growth and the slowdown in economic activity late last year will only be temporary. The government data released last week showed India's gross domestic product (GDP) growth slowed to a three quarter low of 4.4 per cent in October-December,2022, mainly due to contraction in manufacturing and low private consumption expenditure. While the manufacturing sector contracted by 1.1 per cent, private consumption expenditure slowed to 2.1 per cent in the October-December quarter of current fiscal. In its report on emerging market outlook, Moody's Analytics said growth slowed substantially on a year-ago basis, with private consumption lagging overall GDP for the first time since the Delta wave of Covid-19 struck the economy in the second quarter of 2021. "Our take is that the slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures ou

CLOSING BELL: Sectorally, the Nifty Metal index plunged 3 per cent, dragged by Adani Enterprises, which tumbled nearly 5 per cent

US Fed will hold its meeting on January 31 and February 1 and announce the policy on February 2

Benchmark indices gained in 11 of the past 12 trading sessions

It helps to diversify geographically; while YTD returns of Indian markets are positive and US markets negative, the opposite will also happen at some other time

Dollar index falls as a contraction in US GDP eases Fed hike fears

Joe Biden and top officials have dismissed fears of US economy sinking into a recession as doubling down of GDP growth rates in two successive quarters at around 0.9 per cent did not mean recession

Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession

The US economy grew at a robust 6.9% pace in the fourth quarter

Last quarter's drop in the US gross domestic product the broadest gauge of economic output does not likely signal the start of a recession.