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)
Get a daily dose of Long Beach Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Long Beach Star.
More InformationThe former US president holds an advantage over Joe Biden despite being viewed by a cohort of voters as ?corrupt,? ...
Abuja - West African leaders met in Nigeria's capital Abuja on Sunday for talks on their region in deepening crisis, ...
Lima [Peru], December 10 (ANI): An earthquake of magnitude 5.7 on the Richter scale struck 57 km SSW of Paracas, ...
Washington DC [US], December 10 (ANI): Heaping praise on his Republican rival, former US President Donald Trump termed Indian-American entrepreneur ...
(Photo credit: John Jones-USA TODAY Sports) The Los Angeles Kings saw their historic road winning streak end on a breakaway ...
(Photo credit: Jamie Sabau-USA TODAY Sports) The Chicago Blackhawks and Washington Capitals will look to build on impressive Saturday night ...
WASHINGTON, DC - Within hours of blocking a UN Security Council resolution from demanding a ceasefire in the current Mideast ...
WASHINGTON D.C.: In a sign of the challenges ahead for his 2024 re-election bid, a new Reuters/Ipsos poll showed that ...
Israel has acknowledged and thanked the United States and President Joe Biden for standing firmly by Israel's side at the ...
NEW YORK: This week, New York City officials said that one person was killed and six others were injured when ...
NEW YORK, New York - The United Kingdom refrained from supporting demands for a ceasefire in the two-months long Israel-Gaza ...
NEW YORK, New York - The U.S. was alone on Friday in a 13-1 vote for a ceasefire in the ...