US central bank currently buys bonds worth $85 billion!

by Rahul Saxena IT Executive

Key benchmark indices edged lower as Asian and European stocks dropped as signs the US economy is strengthening fueled speculation that the Federal Reserve will soon start tapering monetary stimulus to the US economy. The US central bank currently buys bonds worth $85 billion a month in a bid to hold interest rates low and encourage economic growth in the world's biggest economy. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets this year. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex closed at 20898.01 and 41.88 point down.

Who Moved and Why

1) Sun TV surges after block deals.
2) Maruti Suzuki inches up as yen hits 6-month low against dollar.
3) IRB Infra slips on profit booking.
4) GAIL (India) in demand as it eyes stake in Tanzania gas blocks.
5) Indiabulls Securities retracts from 52-week high.
6) Eicher Motors jumps over 23% in six sessions.
7) L&T gains after winning orders.

Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/03rd_Dec_equity_closing_update.pdf