{"id":145768,"date":"2023-01-31T08:00:00","date_gmt":"2023-01-31T00:00:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=913013"},"modified":"2023-01-31T08:00:00","modified_gmt":"2023-01-31T00:00:00","slug":"markets-settle-marginally-higher-ahead-of-budget-us-feds-rate-decision","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2023\/01\/31\/markets-settle-marginally-higher-ahead-of-budget-us-feds-rate-decision\/","title":{"rendered":"Markets settle marginally higher ahead of Budget, US Fed\u2019s rate decision"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" ><img src=\"https:\/\/www.mediaintel.asia\/wp-content\/uploads\/mediaintelasia-logo-blackyellow-400x300-1.png\" border=\"0\" width=\"200\" height=\"150\" alt=\"MediaIntel.Asia\"><\/a><\/div>\n<p>Equity benchmarks ended with marginal gains on Tuesday as investors adopted a cautious approach ahead of the Union Budget presentation and the US Federal Reserve\u2019s interest rate decision.<br \/>\nFag-end buying helped the 30-share BSE benchmark Sensex settle with a gain of 49.49 points or 0.08 per cent at 59,549.90. During the day, the benchmark hit a high of 59,787.63 and a low of 59,104.59.<br \/>\nThe broader NSE Nifty inched up 13.20 points or 0.07 per cent to close at 17,662.15.<br \/>\nFrom the Sensex pack, Mahindra &#038; Mahindra, UltraTech Cement, Power Grid, State Bank of India, ITC, Titan, Tata Motors and ICICI Bank were among the major winners.<br \/>\nTata Consultancy Services, Bajaj Finance, Tech Mahindra, Asian Paints and HDFC were among the major laggards.<br \/>\n\u201cThe Indian market has been underperforming compared to the rest of the world because it has been trading at premium valuations, which are in contrast to the moderation forecast in the domestic economy for FY24.<br \/>\n\u201cThe premiumisation has tapered, currently trading in-line with developed markets like the US; however, we continue to trade at a premium to other emerging markets. The Adani saga has prolonged the correction as FII selling has increased. Now the focus is on the outcome of the Budget and Fed policy, on which the market has a mixed view,\u201d said Vinod Nair, Head of Research at Geojit Financial Services.<br \/>\nAdvertisement<br \/>\nElsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong ended lower.<br \/>\nEquities in Europe were trading in the red during mid-session deals. Markets in the US had ended in the negative territory on Monday.<br \/>\nInternational oil benchmark Brent crude declined 1.18 per cent to USD 83.90 per barrel.<br \/>\nAdvertisement<br \/>\nForeign Institutional Investors (FIIs) offloaded shares worth a net Rs 6,792.80 crore on Monday, according to exchange data<\/p>\n<p>This data comes from <a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" >MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equity benchmarks ended with marginal gains on Tuesday as investors adopted a cautious approach ahead of the Union Budget presentation and the US Federal Reserve\u2019s interest rate decision.<br \/>\nFag-end buying helped the 30-share BSE benchmark Sensex settle &#8230;<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[413,669,586,671,339,931,693,194,401,615,1542],"tags":[3942,3450,10315,7571,8820],"class_list":["post-145768","post","type-post","status-publish","format-standard","hentry","category-advertising","category-bank","category-economy","category-finance","category-hong-kong","category-india","category-japan","category-news-chinese-law","category-shanghai","category-south-korea","category-technology","tag-europe","tag-indian","tag-media-intelligence","tag-oil","tag-tokyo"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/145768"}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=145768"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/145768\/revisions"}],"predecessor-version":[{"id":145769,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/145768\/revisions\/145769"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=145768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=145768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=145768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}