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 Long Beach Star.

More Information

52 ℉

Fair in Long Beach

United States

Section

Trump takes head-to-head lead over Biden WSJ

The former US president holds an advantage over Joe Biden despite being viewed by a cohort of voters as ?corrupt,? ...

West Africa Leaders Meet as Region Struggles With Coups

Abuja - West African leaders met in Nigeria's capital Abuja on Sunday for talks on their region in deepening crisis, ...

Earthquake of magnitude 5.7 strikes Peru

Lima [Peru], December 10 (ANI): An earthquake of magnitude 5.7 on the Richter scale struck 57 km SSW of Paracas, ...

US: Here is why Donald Trump thinks Vivek Ramaswamy won fourth GOP debate

Washington DC [US], December 10 (ANI): Heaping praise on his Republican rival, former US President Donald Trump termed Indian-American entrepreneur ...

Historic road streak over, Kings take on Rangers

(Photo credit: John Jones-USA TODAY Sports) The Los Angeles Kings saw their historic road winning streak end on a breakaway ...

Capitals, Blackhawks look to build on strong wins

(Photo credit: Jamie Sabau-USA TODAY Sports) The Chicago Blackhawks and Washington Capitals will look to build on impressive Saturday night ...

International

Section