Hindia: Market May Fall Due to Federal Reserve’s Hint

After the announcement of the Federal Reserve, the US stock markets lost their early gains and closed down yesterday. After this, there is a big decline in Asian markets on Thursday. The impact of this trend can be clearly visible on the domestic market.

The US Central Bank Federal Reserve has made it clear that it is going to increase the interest rate in March. The effect of this decision is being seen in the markets around the world. Due to this, it seems that today the Indian market may also remain in decline. Meanwhile, according to a late night update, the decision to hand over Tata to Air India today may be delayed.

After the announcement of the Federal Reserve, the US stock markets lost their early gains and closed down yesterday. After this, there is a big decline in Asian markets on Thursday. The impact of this trend can be clearly visible on the domestic market.

Tata chairman meets PM ahead of Air India handover
There is only a formality left in the handover of Air India to the Tata group. All the preparations have been made by the government for this. Ahead of the formalities of the handover, Tata Sons Chairman N Chandrasekaran met Prime Minister Narendra Modi here on Thursday.

The troubles of about 10 lakh customers of Punjab and Maharashtra Co-operative Bank have not ended even after two and a half years. Even though the government has approved the merger of PMC Bank with Unity Small Finance Bank, people are not happy with it. The customers of PMC Bank have made preparations to go to court against this decision of the government.

China will settle old accounts with America, got approval

The WTO has ruled in favor of China in a 10-year-old case. Along with this, China has been approved to impose retaliatory tariffs on America. This is the case when Barack Obama was the President of America. The Obama government then imposed tariffs on some Chinese goods, which China challenged in the WTO.

The ongoing selling in the stock market for the last few days is not taking the name of stopping. After the Federal Reserve’s hint, there was an outcry as soon as the market opened on Thursday. As soon as the session opened for trade, the Sensex came down by 1000 points. From the pre-open session itself, there were indications that there could be a big fall in the market. As soon as the session opened, the BSE Sensex fell below the level of 57 thousand, falling by more than 1000 points. NSE Nifty also fell on the same lines by about 2 percent and came down to 17 thousand. There is a possibility of huge volatility in the market in today’s trading.

Another company of Adani Group is going to enter the share market from today. The IPO of Adani Wilmar, a company doing business of many other things including edible oil, is opening from today. This IPO is coming at a time when the stock market has faced a big decline in the past and the pressure is still there. However, analysts are giving good ratings to Adani Wilmar’s IPO.

After the successful auction last year, the process of handing over Air India to Tata Group is underway. This work was supposed to be done earlier, but due to some constraints it has not been done yet. There were speculations that Tata will be handed over Air India today, but with some last-minute updates, it seems that Tata’s wait of 69 years is not going to end yet. Sources say that now Air India can be handed over to Tata on Friday. After the successful auction, the government had signed the Share Purchase Agreement for this deal on October 25. Officials said on Wednesday that all obstacles in the way of handing over Air India to Tata have been removed. All the formalities required for this have also been done. He had said that the government can hand over Air India to Tata today.

The US Central Bank Federal Reserve has made it clear that it is going to increase the interest rate in March. The effect of this decision is being seen in the markets around the world. Due to this, it seems that today the Indian market may also remain in decline. Meanwhile, according to a late night update, the decision to hand over Tata to Air India today may be delayed. After the announcement of the Federal Reserve, the US stock markets lost their early gains and closed down yesterday. After this, there is a big decline in Asian markets on Thursday. The impact of this trend can be clearly visible on the domestic market.