Date 2.8.24 Hi hello to everyone today market open at gap down and hovering at 24800, the bank nifty also hovering at 51400

 Boe,fed, rupee

Bank of England cut interest rate form 16 year high , British consumer price inflation returned to the BoE’s 2% target in May and stayed there in June, down from a 41-year high of 11.1% struck in October 2022. fed But markets appear to have made up their minds. Fed funds futures are now pricing in a 100% chance that the Fed will cut rates by at least 0.25 percentage point at the next meeting in September, including a 15% chance of a half-point cut, according to the CME Group’s FedWatch tool. Rupee settles at 83.73 and oil at 81.77 Nifty hit 25 k and nifty close at 25010.90 and banknifty with 51564 as per yesterday And goldbees had little increase end with 59.09 because of september interest rate cut Bank sector at pressure: Margin pressure pushing banks to go slow on lending Over the past 3 months, incremental credit offtake has lagged deposit growth, a report said