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Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints a muted start; US, Asian markets decline
Sensex Today | Stock Market LIVE Updates: Hotter-than-expected inflation data sent the Nasdaq ​to a sharply lower close on Wednesday, with worries about more interest rate hikes from the Federal Reserve pummeling ‌shares of Oracle, CoreWeave and other AI stocks sensitive to higher borrowing costs. The S&P 500 declined 1.11% to end the session at 7,718.94 points, its biggest one-day drop since July 29. The Nasdaq declined 1.88% to ​26,692.87 points, its biggest daily drop since July 23. The Dow J
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10-8
RBI lifts repo rate by 25 bps to 5.50% and shifts stance to “calibrated tightening” as FY27 CPI forecast rises to 5.2%
The Reserve Bank of India raised its policy rate by 25 basis points to 5.50% and changed its stance from neutral to “calibrated tightening” amid persistent inflation pressures. The central bank also lifted its FY27 consumer inflation projection to 5.2%, citing broader food-price pressures and added risks from crude-oil volatility. Right Horizons CEO Anil Rego said the decision was broadly in line with expectations, and that further hikes remain possible even as the RBI has not laid out a preset tightening path, according to Moneycontrol.
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