『The Week That Was — 18 Sep: Central Banks Turn Hawkish, Indian Markets Continue to Remain Under Pressure』のカバーアート

The Week That Was — 18 Sep: Central Banks Turn Hawkish, Indian Markets Continue to Remain Under Pressure

The Week That Was — 18 Sep: Central Banks Turn Hawkish, Indian Markets Continue to Remain Under Pressure

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In this week's episode of The Week That Was, we break down key global and domestic market developments:

  • Global Markets: The Fed raised rates 25bp to 3.75-4.00% — its first hike since 2023 — while the BoJ hiked to a three-decade high of 1.25% and the BoE held steady, marking the first time on record that the Fed, ECB and BoJ all hiked within the same month.
  • India Macro & Economic Data: Retail inflation rose to 4.82% and the trade deficit narrowed on strong export growth, while the RBI conducted its first net open-market bond sale since 2017 to drain surplus liquidity built up from record FCNR(B) inflows.
  • Domestic Equities & Sectors: The Nifty and Sensex fell on crude and global yield pressures, with Telecom being the weakest performer, Banks, Realty and Auto also pressured by rising rates, while FMCG and Pharma led gains as defensive plays.

Speaker:

Michelle Castellino

Investment Strategist

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