As investors, it’s essential to stay diversified and avoid reacting to short-term market movements. While a rate cut can be a positive signal for the stock market, understanding the broader economic context is key to managing expectations and risks in your portfolio. Only time https://www.wikidata.org/wiki/Q13479982 will tell whether this recent rate cut will lead to continued stock market gains or if it was a signal of storm clouds on the horizon.

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Jefferies downgraded the stock from ‘buy’ to ‘underperform,’ reducing its target price to ₹2,540 per share, while Nomura adjusted Indiamart’s price target to ₹3,150 from ₹2,520, maintaining a ‘neutral’ rating. Phillip Capital also downgraded the stock to ‘neutral’ from ‘buy,’ cutting its target price to ₹3,400. In an exchange filing, PNC Infratech confirmed that it has been barred from tender processes for one year, effective October 18, 2024. This disqualification also extends to its subsidiaries, PNC Khajuraho Highways and PNC Bundelkhand Highways. In contrast, the broader market experienced https://www.tradingview.com/symbols/BTCUSD/ significant selling pressure today, with the Nifty Midcap 100 index plunging 1.66% to 57,677.

• While a rate cut can be a positive signal for the stock market, understanding the broader economic context is key to managing expectations and risks in your portfolio.
• The Nifty 50 wrapped up the session with a drop of 0.29%, closing at 24,781, while the S&P BSE Sensex finished the day 0.09% lower at 81,151.
• Indian benchmark indices, which began Monday’s trading day on a positive note due to a sharp uptick in index heavyweight HDFC Bank, failed to sustain their rally as the session progressed.

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Hong Kong’s Hang Seng lost was flat at 20,486.56, while the Shanghai Composite rose 0.4% to 3,280.04 following a cut to interest rates that took effect on Monday. Shares of Amber Enterprises surged 17.4% to ₹6,344 apiece ahead of the announcement of the company’s Q2FY25 results on Tuesday. Tejas Networks also saw a sharp gain of 11%, closing at ₹1,318 apiece after posting a robust set of numbers https://www.momentumcapital.co.za/ for the September quarter. Tata Sons will now have to list itself by September 2025 as RBI has turned down a proposal seeking exemption from listing its equity shares, ET Now reported, citing sources. Tata Chemicals and Tata Investment Corporation jumped up to 10% on Monday following reports that the Reserve Bank of India (RBI) rejected Tata Group’s request to exempt its holding company, Tata Sons, from mandatory listing on stock exchanges. Brent crude, the international standard, fell 36 cents to $73.93 a barrel.

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But critics are warning stock prices look too expensive given they’ve climbed much faster than corporate profits. Stocks were falling early Tuesday in a week chock full of earnings from the country’s biggest companies. The reason shares are struggling to extend their six-week winning streak could come down to interest rates. Last month, the Federal Reserve cut the federal funds rate by 0.5% and that’s usually spelled good news for stocks.

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The Bank of Canada will also announce its latest decision on interest rates Wednesday, where it could cut by half a percentage point. Trump Media & Technology Group rose 5.8% to top $31, continuing its strong run since it briefly dipped below $12 last month. The company behind former President Donald Trump’s Truth Social platform is still losing money, but its stock often moves more with his perceived chances of reelection than anything else.

However, if the U.S. economy does enter a recession, it could lead to market downturns similar to those in 2001 or 2007. But the market’s performance wasn’t as positive following rate cuts made during recessions. https://usa.kaspersky.com/resource-center/definitions/what-is-cryptocurrency In 2001, after the Fed cut rates in response to the Dot-com bubble, the market dropped by 12.57% in the first year and continued falling over the next three years. The same was true in 2007, when the Fed cut rates just before the Great Recession, and the S&P 500 fell by over 22% in the following year.

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Futures for the Dow Jones Industrial Average lost 92 points, or 0.2%, in Tuesday’s premarket. Futures for the Nasdaq, which includes a lot of technology stocks, were also down 0.3%. The Nasdaq rose yesterday, bolstered by fresh advances from tech giants Nvidia and Apple, but the other two indexes retreated.