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 Chile Sun 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 Chile Sun.
More InformationFacing crippling economic sanctions, inflation and widespread social unrest, the Iranian government has boosted oil sales to China at a ...
Every two to seven years, the equatorial Pacific Ocean gets up to 3C warmer (what we know as an El ...
Rio de Janeiro [Brazil], January 26 (ANI): The Academy of Letters of Brazil (ALB) in a Plenary Session held on ...
Real Madrid player Vinicius Jr has been repeatedly targeted by rival fansAtletico Madrid have condemned the "repugnant" actions of people ...
The Philadelphia Union acquired midfielder Joaquin Torres from CF Montreal in exchange for $500,000 in general allocation money on Thursday. ...
The U.S. space agency NASA says a small asteroid will pass very close to Earth Thursday, just 3,600 kilometers from ...
WASHINGTON D.C.: As part of its efforts to simplify the national COVID-19 vaccine strategy, the US Food and Drug Administration ...
DUBLIN, Ireland: Tanaiste Micheal Martin has said that Ireland cannot send arms to Ukraine because of the small size of ...
HONOLULU, Hawaii: The casket bearing Abigail Kinoiki Kekaulike Kawananakoa, long considered the last Hawaiian princess, has gone on public viewing ...
BANGKOK, Thailand: Consumer spending in Thailand over the ongoing Lunar New Year period could increase 13.6 percent to $1.36 billion, ...
TOKYO, Japan: Thousands of baseball fans have signed a petition to save the iconic Meiji Jingu Stadium in Tokyo, which ...
Washington [US], January 27 (ANI): A US counter-terrorism operation in northern Somalia killed a senior Islamic State (ISIS) figure Bilal-al-Sudani, ...