The S&P BSE Sensex rallied more than 600 points to trade above 53,000, the NSE Nifty50 gained 171 points to sit comfortably above 15,800. Bank Nifty was also in the green.
The move the Fed announced after its latest policy meeting will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.
At the interbank foreign exchange market, the local currency opened at 77.99 and finally settled at its all-time low of 78.17, down 13 paise over its previous close of 78.04.
Bitcoin (BTC) Price Prediction: Bitcoin, the world's largest cryptocurrency by market cap, has slipped to $20,000.
Federal Reserve Interest Rate Hike Decision: Federal Reserve chair Jerome Powell will announce the decision of a two-day policy meeting on Wednesday.
5G in India: As part of the process, a total of 72 gigahertz (GHz) of spectrum with a validity period of 20 years will be put to auction.
SBI Home Loan Interest Rate: SBI has revised by up to 0.20 per cent the MCLR, a move that will increase home, auto, and personal loan EMIs.
The BSE benchmark was trading 153.25 points lower at 52,540.32 in early trade. The Nifty declined by 39.55 points to 15,692.55.
AirAsia India is a joint venture between TSPL and Air Asia Investment Limited (AAIL), with TSPL presently holding 83.67 per cent and AAIL owning a 16.33 per cent stake.
Petrol, Diesel shortage: Rumours about fuel shortage started doing the rounds after long queues over the weekend were spotted at petrol pumps in Rajasthan, Uttarakhand and Gujarat.
Crypto market cap: The meltdown in the cryptocurrency market has erased tens of billions of dollars. The prices of Bitcoin and other crypto-assets have declined by 20 to 40% in the past seven days.
The 30-share BSE benchmark dropped 153.13 points or 0.29 percent to settle at 52,693.57. During the day, it tumbled 387.22 points or 0.73 percent to 52,459.48.
SBI and PNB announced to hike FD interest rate days after the RBI ramped up efforts to control excess liquidity from the banking system.
Pankaj Patel was also the President of the Federation of Indian Chamber of Commerce & Industry (FICCI) (2016-17). He is also the Executive Chairman, Vice President and Trustee of the Gujarat Cancer Society and Chairman of the Gujarat Cancer and Research Institute.
Last month in an unscheduled policy announcement, the Reserve Bank of India (RBI) raised rates by 40 basis points to 4.4 per cent, and subsequently to 4.9 per cent last week.
Core CPI also moderated in May to 6.09 per cent compared to 6.97 per cent in April, as per the SBI's research report 'Ecowrap'. "In recent times, there have been commentaries that have questioned whether RBI has been behind the curve in controlling inflation.
Rising prices of food items and crude oil pushed the WPI inflation to a new high of 15.08 per cent in May.
This new partnership will focus on Green Hydrogen and is expected to transform the energy landscape in India. Adani and Total Energies are both at the forefront of energy transition and clean energy adoption.
LIC made its market debut at a discount of 8.11 per cent at Rs 872 per share on May 17.
The 30-share BSE benchmark was trading 374.72 points lower at 52,471.98. The Nifty declined by 100.15 points to 15,674.25.
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