The new federal funds rate range is now 4.5% to 4.75%, following a larger 0.5-point cut in September.
Indian Hotels Company Ltd. (IHCL) has entered a 25-year management contract to oversee operations at The Claridges, New Delhi.
The Indian market is also highly price-sensitive, and airlines compete to keep fares low, even at a loss, to continue expanding.
At the opening bell, the BSE Sensex was up by 112 points (0.14%) at 80,490, while the Nifty 50 was slightly down, falling by 50 points (0.2%) to 24,434.
Jindal Steel and Power Ltd (JSPL) on Wednesday reported 38 per cent fall in consolidated net profit at Rs 860 crore for September quarter, on account of lower revenue.
NSE Nifty50 gaining over 1 percent, extending their positive streak for the second consecutive session following Donald Trump’s projected victory in the US presidential election.
Bitcoin surged above $75,000 on election night as U.S. vote results influenced market sentiment, with digital assets responding to early leads and volatility expected.
Indian equity markets opened on a positive note on Wednesday, with benchmark indices BSE Sensex and Nifty 50 making gains amid early developments in the U.S. presidential race..
India's Mankind Pharma reported a stronger-than-expected profit for the second quarter of FY24, driven by higher demand for its medications targeting long-term health conditions like diabetes and cardiovascular diseases.
The bounce back in the markets came ahead of the US Presidential elections results (due tonight) and the US Federal Reserve Policy meeting later in the week.
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