News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

👉 *US Nasdaq ended in red last trading day.*

👉 *SGX Nifty trades at 17850; -0.72%.* 

👉 *Asian indices are trading in red ; Nikkei is -0.97%; HangSeng is -1.75%.*

👉 *Brent 924$/ bbl; Nymex 85 $bbl* 

👉 *Bullions : Gold 1671/oz; Silver 19.477/oz*

👉 *US 10 year Treasury bond yields trades 3.549%*

👉 *Dollar Index trades at 111.60 level*

👉 *India VIX closed at 19.32points, +2.81%*

👉 *Oil jumped nearly 3% on Wednesday after Russian President Vladimir Putin announced a partial military mobilisation, escalating the war in Ukraine and raising concerns of tighter oil and gas supply.*

*Brent crude futures rose $2.26, or 2.5%, to $92.88 a barrel by 1051 GMT. U.S. West Texas Intermediate crude was at $86.09 a barrel, up $2.15, or 2.6%.*

👉 *The rupee consolidated in a narrow range and settled 7 paise higher at 79.74 (provisional) against the US dollar on Tuesday, as investors await the US Fed's policy statement for further cues. At the interbank forex market, the local unit opened at 79.70 against the greenback. It witnessed an intraday high of 79.58 and a low of 79.77 during the session. It finally ended at 79.74, up 7 paise from its previous close of 79.81. The dollar index, which measures the greenback's strength against a basket of six currencies, rose 0.12 per cent to 109.87.*

👉 *Gold prices lingered near recent lows on Wednesday in the international markets as investors prepared for the likelihood of another super-sized interest rate hike from the US Federal Reserve in its effort to tame soaring inflation.*

*Spot gold was flat at $1,663.73 per ounce, as of 0126 GMT. Bullion hovered close to $1,653.10, its lowest level in more than two years marked last week.*

*At 9:33 am, gold contracts were trading 0.03 percent higher on the Multi-Commodity Exchange (MCX) at Rs 49,188 for 10 grams and silver added 0.47 percent at Rs 56,610 a kilogram.*

👉 *In cash seg: FIIs net sold 461 crs ; DIIs bought 538 crores*

👉 *FIIs Sold 1092 crores Index Futures*

👉 *CE:, 18000, 18500; PE: 16500, 17500*

👉 *Advance/decline ratio was negative on NSE.*

👉US FED Rate 75BPS hike*  

at 3.25% Vs 2.50%

*- Inline with expectation*

👉 Fdi hikes by 75 bps.*

_(Inline with Expectations but Comments to hike 125 bps by December is not favourable)_

*Fed hints at another 125 bps hike till December and 25 bps early next year.*

US yields move higher. USDINR hovering at 80 handle on spot reference

*Fed Says* It Is Highly Attentive To Inflation Risks, Strongly Committed To Returning Inflation To 2%

*Fed Says* Job Gains Have Been Robust, Unemployment Rate Has Remained Low

*Fed Says* Recent Indicators Point To Modest Growth In Spending And Production

*Fed Says* Inflation Remains Elevated, Reflecting Pandemic-Related Imbalances, Higher Food And Energy Prices, Broader Price Pressures

*Fed Says* War In Ukraine Creating Additional Upward Pressure On Inflation, Weighing On Global Economic Activity

*Fed Says* Prepared To Adjust Policy As Appropriate

*Fed Says* Vote In Favor Of Policy Was Unanimous.

🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞

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