Indian stock indices extend gains for third straight session

ANI
24 Nov 2022, 16:03 GMT+10

New Delhi [India], November 24 (ANI): Indian stock indices extended their gains for the third straight session in line with the latest strength in US stock markets.

The minutes of the US Federal Reserve's latest monetary policy review meeting which showed a substantial majority of members judged that a slowing in the pace of increase in policy rates would "soon be appropriate" also supported stock markets.

"A slower pace in these circumstances would better allow the Committee to assess progress toward its goals of maximum employment and price stability," the US Fed minutes published on Wednesday (local time) said.

At the time of writing this report, Sensex traded at 61,828.47 points, up 317.89 points or 0.52 per cent, whereas Nifty traded at 18,370.30 points, up 103.05 or 0.56 per cent.

"U.S. stock indexes finished higher for a second day on Wednesday in a choppy session after the latest meeting minutes from the Federal Reserve showed most policymakers expect a slower pace of interest rate hikes will "soon be appropriate", even if they are uncertain how high the benchmark rate will rise," said Deepak Jasani, Head of Retail Research at HDFC securities.

The rupee too appreciated marginally this morning. It opened at 81.72 against the US dollar versus Wednesday's closing of 81.85.

In October, the rupee breached the 83 mark for the first time in its history. So far this year, the rupee has depreciated around 8-9 per cent. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cardiff Star.

More Information

3 ℃

Fog in Cardiff

United Kingdom

Section

Jaguar Land Rover to hire 800 engineers to work on electric vehicles

LONDON, England: One hundred-year-old British automaker Jaguar Land Rover, owned by India's Tata Motors, aims to hire hundreds of laid ...

Jump in UK windfall profit tax on energy companies approved

LONDON: In a bid to raise tens of billions of pounds to fill a major shortfall in public finances, the ...

Among others, Myanmar frees Australian economist, former UK envoy

YANGON, Myanmar: Myanmar's ruling military freed nearly 6,000 prisoners in a mass amnesty this week, including an Australian economist and ...

After large jump in Channel crossings, France and UK agree to act

LONDON, England: The UK and France have signed an agreement to stop migrants from crossing the English Channel in small ...

Germany wanted Ukraine to fold to Russia Johnson

Prior to the conflict, Berlin believed a long conflict would be a disaster, the former UK prime minister saysGermany was ...

US LGBT nightclub shooting shows why Australia must reform hate crime laws

News of yet another deadly shooting at a United States LGBTIQ+ nightclub has again brought hate crime to the forefront ...

International

Section