"On daily chart, we observe that Nifty has bounced back smartly after finding support near the 200 day EMA. The index was finding resistance near the 20 day SMA but is now on the verge of moving above it," said Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities.
Some of the Twitter users trying to post tweets received a pop up message that said" "You are over the daily limit for sending Tweets".
On balance perhaps the RBI policy should be seen as hawkish because the market expected a hint that the RBI would signal it is at the end of its hiking cycle. The governor bluntly said he won't make forward-looking statements given the uncertainties surrounding inflation.
The Dow Jones Industrial Average fell 0.61 percent, the S&P 500 lost 1.11 percent and the Nasdaq Composite dropped 1.68 percent.
The pandemic-era hiring frenzy has come to a screeching halt as companies reel from the aftermath. The latter half of 2022 saw massive layoffs, leaving many scrambling for work. And, just as people thought the new year would bring relief, giants like Google and Amazon delivered a crushing blow by laying off a big chunk of their employees in the first month of 2023. This sudden wave of unemployment has sent shockwaves throughout the job market, leaving many to question the stability of even the biggest corporations. Here's a closer look at the major companies that made devastating cuts in January and February 2023.
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