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The Economic Times

Not saying mission accomplished on lowering inflation: Powell

The US central bank is increasingly confident that strength in the jobs market can be maintained with an "appropriate recalibration" of policy, said Federal Reserve Chair Jerome Powell. He added that he doesn't believe the central bank waited too long to cut its interest rate target.

The Economic Times

Federal Bank shares gain 0.18% as Sensex rises

On the technical charts, the RSI of the stock stood at 37.57.

The Economic Times

Will investors make money as the US Fed is all set to cut the rates?

Lower interest rates mean higher bond prices, benefiting bond investors. While the US Federal Reserve raised rates significantly, India's central bank took a more moderate approach. We expect a smaller rate cut from India's central bank this year.

The Economic Times

Dollar pinned down by 50 bp Fed cut bets

The dollar remains near its lowest levels of the year as markets anticipate a potential rate cut by the U.S. Federal Reserve. The euro and yen have rallied, with the yen showing significant room for further gains. The Bank of Japan is expected to maintain its policy, while the Bank of England may hold rates steady.

The Economic Times

Federal Bank shares drop 0.99% as Sensex rises

On the technical charts, the RSI of the stock stood at 36.83.

Business Line

Stock Market Live Updates September 16, 2024: Sensex, Nifty brace for US Fed’s rate cut, key economic data releases

Sensex, Nifty, Share Prices LIVE: The Indian stock market’s outlook this week will be heavily influenced by the US Federal Reserve’s interest rate decision, set to be announced after the Federal Open Market Committee (FOMC) meeting on September 18, analysts say. A widely anticipated 25 basis points (bps) rate cut and possibly a larger 50 bps reduction could trigger positive market sentiment, especially in emerging markets like India. Last week saw a stellar performance, with Nifty and Sensex hitting all-time highs, driven by sustained foreign institutional investor (FII) inflows. Analysts attribute this to expectations of lower US yields and a weaker dollar. Key global events, including Japan’s inflation data, the Bank of Japan’s policy decision, and domestic data such as WPI inflation, will further shape market trends. With geopolitical concerns and oil prices in focus, this week is pivotal for Indian equities, particularly in light of FII flows and global macroeconomic developments.

Mint

Wall Street week ahead: All eyes on Federal Reserve’s interest rate decision

The US central bank is widely expected to slash interest rates for the first time since 2020

The Economic Times

World braces for Fed easing amid 36-hour rate rollercoaster

A 36-hour financial rollercoaster will kick off with the Federal Reserve’s expected decision to cut interest rates on Wednesday, and culminate on Friday with the results of the Bank of Japan’s first meeting since it increased borrowing costs and contributed to a global selloff

CNBC TV18

Dollar weak as traders add to wagers of big rate cut from Fed

The dollar softened on Friday, with the euro and the yen on the rise as investors remained on tenterhooks ahead of next week's central bank bonanza where the focus is on the Federal Reserve and the size of its expected interest rate cut.

The Economic Times

Banks need to redefine deposit mobilisation strategy, tailormade solutions key to woo depositors, says Federal Bank MD Shyam Srinivasan

Federal Bank's leadership plans to sustain its deposit mobilisation and credit expansion by offering tailored solutions to different customer segments. Outgoing MD Shyam Srinivasan emphasized the need for banks to focus on wealth management and personalized services. KVS Manian will take over as MD, while Srinivasan is expected to become non-executive chairman of Fedfina Financial Services.

The Economic Times

Dollar slumps 1% versus yen as US election debate gives Harris momentum

The dollar fell over 1% against the yen, reaching its weakest level this year after Kamala Harris put Donald Trump on the defensive in their debate. The yen was also bolstered by Bank of Japan's commitment to raising interest rates. Traders are awaiting a key U.S. inflation report for clues on Federal Reserve rate cuts.

The Economic Times

US dollar falls as markets brace for presidential debate, inflation

The dollar weakened against major currencies as investors await key inflation data and a U.S. presidential debate. Safe-haven currencies like the yen and Swiss franc gained amid a drop in bank shares. The Federal Reserve is expected to cut interest rates next week, with the size of the cut still uncertain.

Mint

Stocks to buy: Federal Bank to SBI Cards—SMC Global Securities lists four stocks to bet on this week; Check upside, TP

Stocks to buy: Domestic brokerage SMC Global Securities has recommended four stocks to buy this week based upon the fundamental and technical analysis in the current market scenario

The Economic Times

Conservative BofA joins peers with forecast of three US rate cuts this year

Bank of America, the most conservative among Wall Street's brokerages on the size of the Federal Reserve's expected interest rate cuts this year, has raised its forecast to match most of its peers after the recent nonfarm payrolls data.

The Economic Times

5 world market themes for the week ahead

September's market volatility may persist as investors await key macro events. U.S. consumer price data on Sept. 11 could influence the Federal Reserve's rate decisions. The European Central Bank is expected to cut rates again, while Japan prepares for a new prime minister amid economic challenges.

The Economic Times

Fed's Williams says time has arrived to start rate cuts

Federal Reserve Bank of New York President John Williams said Friday that a better balanced economy has opened the door to cutting rates, with the full course of action to be determined by how the economy performs.

The Economic Times

Dollar struggles to find footing on rising bets of outsized Fed cut

The dollar weakened on Thursday amid concerns over the U.S. economy's growth outlook, leading to expectations of a significant rate cut from the Federal Reserve. The yen outperformed due to safe-haven demand and potential rate hikes by the Bank of Japan. Investors are now focused on Friday's nonfarm payrolls report for further economic insights.

The Economic Times

Federal Bank, ACC among 5 stocks with short covering

Short covering occurs when traders repurchase shares they had previously sold short, typically in response to a change in market sentiment or new information. This action often leads to a reduction in open interest and can cause the stock price to rise. On Monday, five stocks experienced short covering during the trading session.

The Economic Times

5 world market themes for the week ahead

U.S. jobs numbers and the Federal Reserve's potential interest rate cuts dominate market discussions. France grapples with political turmoil post-Olympics, Germany faces regional elections, and Bank of Japan officials continue hawkish policies. African leaders head to Beijing for the Forum on China-Africa Cooperation, seeking financial commitments amidst rising Chinese lending.

The Economic Times

Federal Bank declines 0.37% as Sensex climbs

The stock traded at a P/E multiple of 12.03, while the price-to-book value ratio stood at 1.21.

Mint

Key Takeaways From the Fed’s Annual Jackson Hole Conference

The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming is winding down.

The Economic Times

Japan's Nikkei ends at 3-week high; focus on central bankers' comments

The market was cautious ahead of the remarks by the Bank of Japan Governor (Kazuo) Ueda as well as Federal Reserve Chair (Jerome) Powell later this week," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory

The Economic Times

Gland Pharma, Federal Bank among top 10 companies with highest mutual fund holdings in June quarter

The MF holding stood at Rs 39.59 lakh crore as on June, 2024, an increase of 16.49% over the last quarter. Top 10 companies with the highest MF holding in rupee value terms.​

Business Line

Tech Query: What is the outlook for Federal Bank, PNC Infratech and Shanthi Gears?

We zoom in on the prospects of Federal Bank, as also the prospects of two other stocks — PNC Infratech and Shanthi Gears

The Economic Times

Federal Bank declines 0.61% as Sensex climbs

The stock traded at a P/E multiple of 12.17, while the price-to-book value ratio stood at 1.18.

The Economic Times

Nifty Bank outperforms benchmark indices; strong support placed at 52,000: Experts

Led by gains in AU Small Finance Bank, SBI, Bandhan Bank, and The Federal Bank, the banking index rebounded from a dip to the 51,800 level, closing higher and signaling continued bullish sentiment despite selling pressure on HDFC Bank and ICICI Bank.

The Economic Times

Nifty Bank hits fresh record high, climbs above Mt 53K; use dips to buy: Experts

HDFC Bank, Kotak Bank, Federal Bank and Bandhan Bank saw heavy buying while AU Small Finance Bank saw selling pressure. The bank index breached its crucial resistance level of 53,000, triggering a short covering move in the index. Traders are advised to use dip to go long in the index.

The Economic Times

Federal Bank leads in loan expansion among Kerala banks in Q1

Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25,099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82,510 crore.

The Economic Times

Federal Bank leads in credit expansion among Kerala-based lenders

Federal Bank led in gross loan expansion with a 20% year-on-year increase to Rs 2.24 lakh crore by June's end. Meanwhile, CSB Bank recorded the highest deposit growth among Kerala-based lenders, marking a 22.4% rise to Rs 29,920 crore. Other banks like South Indian Bank also saw notable loan portfolio growth, with CSB Bank reporting a 17.8% increase to Rs 25,099 crore and South Indian Bank reaching Rs 82,510 crore, up 11.4%.

The Economic Times

Nifty Bank rallies nearly 400 points; here are key levels to track on Friday

The bank index witnessed mild profit taking at higher levels. This mirrors the broader trend. The index settled at 51,783. Bandhan Bank, Federal Bank, IDFC First Bank and ICICI Bank contributed majorly to the gains. SBI and IndusInd Bank saw selling pressure.

The Economic Times

F&O stocks to buy today: RIL, Federal Bank among top 6 trading ideas for 18 June 2024

On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23500 strikes, while the maximum Put OI is placed at 23400 and then towards 23000 strikes.