Monetary policy announcement seen as neutral from market perspective
IANS -
Not only the policy rates but the growth and inflation targets for FY24 remain unchanged. More than this status-quo statement from the MPC, tonight’s job numbers from the US will determine the market trend in the near-term, he said.
Sensex up more than 500 points as crude prices correct
IANS -
The decline in the dollar and US bond yields are mild and therefore, not adequate for a reversal of FII selling, which continues to be very high. But the sharp correction in Brent crude to $86 is a big positive, he said.
PSU bank stocks top gainers in Sep
IANS -
The Nifty-50 reached the milestone of 20k last month.
Major negative for market is sustained FII selling
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There are mixed cues for the October series, which historically has been a good month for markets.
US stock market shows mixed response over what Fed Chairman Powell may unveil in monetary policy
IANS -
With inflation returning at 3.7 per cent, there were expectations that the Fed may raise interest rates, but the Fed chairman is holding back as he feels it is a temporary phenomenon. 
New series begins on a positive note but sustainability?
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Expiry day was weak and on expected lines while the first day of a new series saw gains for the market.
FIIs sold Rs 21,640 cr in cash market in Sep
IANS -
Even though the market is showing resilience, the undercurrent is weak, he said, adding that the dollar index at 106.59, the US 10-year bond yield at 4.62 per cent and Brent crude above $97 are strong headwinds that can pull the market down.
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