Stocks to watch: The Sensex and Nifty are likely to start Thursday's trade on a muted note amid a downbeat global sentiment. At 7:43 am, the SGX Nifty futures were quoting 20 points higher at 15,420.
On Wednesday, the minutes of RBI MPC meet revealed that the members of the monetary policy committee indicated more interest rate hike in the coming months to tackle rising inflation. In the US, Fed Chair Powell said the central bank’s battle against inflation could lead it to raise interest rates high enough to cause an economic downturn. “It’s certainly a possibility,” Powell said
On Wednesday, the minutes of RBI MPC meet revealed that the members of the monetary policy committee indicated more interest rate hike in the coming months to tackle rising inflation. In the US, Fed Chair Powell said the central bank’s battle against inflation could lead it to raise interest rates high enough to cause an economic downturn. “It’s certainly a possibility,” Powell said