The equity markets saw an uptrend for the second consecutive day on Wednesday, following the positive global cues. However, the SGX Nifty is down by 50 points on Thursday, with investors looking forward to reacting to the US Federal Reserve's decision to raise the policy rate by 25 bps. The Fed's plan to handle the current financial turmoil and liquidity crisis within the banking sector, along with its continued fight against inflation, will hold significant importance, according to Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services. The Asian stock markets, including Japan, South Korea, and Australia, struggled on Thursday following the slump in Wall Street after the Federal Reserve dismissed expectations for interest rate cuts this year. Furthermore, Treasury Secretary Janet Yellen's comments negatively impacted bank shares. However, the weakness in the dollar may favor some assets in Asia, especially in emerging markets.
