U.S. bond funds continued to face huge outflows in the week to May 19 on fears that the Federal Reserve would raise interest rates higher than previously expected to keep inflation under control.According to Refinitiv Lipper data, investors offloaded U.S. bond funds worth $8.39 billion in the 19th straight week of net selling.U.S. Federal Reserve Chairman Jerome Powell said this week that the cent...

The government’s procurement of chana (gram), which has a share of more than 50% in the country’s pulses output, has crossed 1.86 million tonne (MT) so far in the current rabi season (2022-23) compared to just 0.5 MT a year ago.Sources told FE that procurement of chana, which is being carried out by National Agricultural Cooperative Marketing Federation of India (Nafed) under the minimum suppo...

Indian equity markets are likely to stay volatile over the next couple of months due to central banks’ measures to tighten financial conditions, reign in inflation, and likelihood of Chinese Central announcing stimulus measures. Nifty will continue to be volatile but range-bound in a broad range of 15300 to 16800 in the next three months, said Nishit Master, Portfolio Manager, Axis Securities ...

A sharp rebound in equity markets made investors richer by over Rs 5 lakh crore on Friday, with the BSE benchmark Sensex rallying 1,534 points after a rough day in the previous trade.Making a dashing comeback after the previous session’s heavy sell-off, the 30-share BSE Sensex rallied 1,534.16 points or 2.91 per cent to settle at 54,326.39.The rally in equities helped the market capitalisation...

Stocks rebounded sharply on Friday and logged their biggest single-day gain since February 15. While the Sensex managed to settle above 54,000 levels, the Nifty50 reclaimed the 16,000 mark. The gains on Friday were mainly propelled by low-level buying in banking counters and a sharp rally in index heavyweight Reliance Industries.Negating the overnight slump in US markets, investors tracked positi...