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Indian equities nosedive on US Fed’s commentary: 4 factors spooking the market

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3 years ago

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Indian equities nosedive on US Fed’s commentary: 4 factors spooking the market

Domestic stocks came under intense selling pressure on Jan. 27, as comments from Federal Reserve Chairman Jerome Powell spooked investors after the central bank’s monetary policy statement on Jan. 26.

In early morning session on January 27, the Nifty 50 index plummeted 280 points, or 1.6 percent, to 16,997, while the BSE-Sensex was at 57,031, down 1.4 percent or 826 points.

Investors were troubled by Powell’s hawkish comments on the scope of future monetary policy tightening, even as the central bank left its benchmark interest rate unchanged and signaled that a near-term rate hike would be “appropriate.”

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Powell said at a news conference after the policy announcement that the upside risks of a strong U.S. labor market and decades of high inflation mean the central bank has plenty of room to raise interest rates in the background while it shrinks its balance sheet.

“I think there’s quite a bit of room to raise interest rates without threatening the labor market,” Powell said. Market participants interpreted the Fed’s comfort on the economy as a signal that the Fed may raise interest rates. The rate hike has more than quadrupled this year.

Investors widely expect the central bank to raise interest rates four times in 2022 ahead of its Jan. 26 monetary policy meeting. Investment bank Nomura reportedly expects the central bank to raise interest rates by 50 basis points at its upcoming March meeting.

Still, for emerging markets such as India, a faster pace of rate hikes could further accelerate foreign capital outflows from the country. So far, foreign investors have withdrawn nearly Rs. Domestic stocks hit Rs 100 crore since early October.

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Pressure from foreign inflows was also weighed down by the rise in the dollar index. The U.S. dollar index rose nearly 1% on Jan. 26 after Jerome Powell’s hawkish statement. A recent report from JPMorgan India showed that the Nifty 50 index was negatively correlated with the US dollar index as carry trades were affected.

Complete News Source : Money Control

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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13 hours ago

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January 21, 2025

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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