United States — Federal Reserve & State Bank of India

United States — Federal Reserve: The United States — Federal Reserve is under pressure to raise interest rates due to persistent inflation driven by the Iran war, though it is currently expected to hold rates steady.

State Bank of India: The State Bank of India has implemented measures to contain the impact of the Iran war on the rupee and foreign exchange reserves, but faces increasing pressure to address inflation and slowing economic growth.

United States — Federal Reserve: Dovish remarks from the United States — Federal Reserve Chair reinforced expectations of moderating inflation and a supportive global rate environment, boosting investor sentiment.

State Bank of India: Clarity from the State Bank of India on the FCNR(B) deposit swap scheme led to private banks advancing, indicating increased policy flexibility due to improving economic dynamics.

United States — Federal Reserve: Expectations of the United States — Federal Reserve keeping interest rates unchanged due to softer US labor market data positively influenced market sentiment.

State Bank of India: State Bank of India was among the lagging stocks, experiencing profit booking.

United States — Federal Reserve: Expectations of a more accommodative policy stance from the United States — Federal Reserve due to weak US jobs data positively influenced global and Indian market sentiment.

State Bank of India: State Bank of India was among the major laggards in early trade.

United States — Federal Reserve: The United States — Federal Reserve's potential interest rate decisions are influenced by global economic factors, including oil prices. The easing of oil prices due to the US-Iran deal could alleviate inflation concerns, potentially impacting the Fed's monetary policy.

State Bank of India: State Bank of India gained up to 3% as part of the broad-based market rally.