Pre-Market Update at 7:35 AM: On Wednesday, September 24, equity benchmark indices Sensex and Nifty 50 are expected to see a muted start, tracking losses in global markets. At 7:14 AM, the GIFT Nifty was trading near 25,192, down by 51 points.
US Federal Reserve Chair Jerome Powell stated that the central bank must carefully balance the risks of high inflation and a weakening job market in upcoming interest rate decisions. Powell highlighted, “Near-term risks to inflation are tilted to the upside and risks to employment to the downside – a challenging situation.”
On Tuesday, September 23, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 3,551.19 crore. Domestic Institutional Investors (DIIs), on the other hand, continued their buying streak for th