All eyes are now on the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve, which is scheduled for two days, from April 30 to May 1. Fed chair will be announcing the decision on interest rates—whether to decrease, increase, or maintain the current status quo—on May 1 at 2 p.m. ET.This time, the market anticipates no rate reduction due to inflation persisting.
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The family of 127-year-old Godrej Group, which has both the listed and unlisted entities, decided to split the conglomerate and operate as two entities -- Godrej Enterprises and Godrej Industries. The conglomerate operates across aerospace, aviation, defence and liquid engines among others. The realignment will be implemented after the relevant regulatory approvals have been obtained.
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The Bank Nifty index sustained its upward trajectory in April, marking its third consecutive month of gains and achieving a new all-time high on Tuesday. The index surged by 4.8% last month, surpassing the benchmark Nifty 50, which posted a more modest 1.24% increase during the same period.On April 30, Bank Nifty soared to a fresh peak of 49,974.75.
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