Friday, October 18, 2019
News

Sensex ends 266 points higher on Fed's dovish comments

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Thursday, 2019 11:15:05 PM IST
Indian equity markets edged higher on Thursday as US Federal Reserve's dovish comments helped ease the negative sentiments owing to disappointment over the Union Budget.

Sensex closed 266.07 points higher at 38,823.11, while the Nifty advanced by 84 point to 11,582.90.

"US Federal Reserve Chair Jerome Powell's dovish comments on Wednesday cemented hopes of an interest rate cut this month in the US and soft interest rate policies across the globe," said Deepak Jasani of HDFC Securities.

"This boosted global stocks, pulled down bond yields and weakened the US dollar. Fears of FPI selling due to the adverse provisions in the Union Budget has abated for the time being," Jasani added.

InterGlobe Aviation, the parent company of Indigo, the largest private airline in India slipped 3.07 per cent lower as investors continued to fret over the likely hood of operations getting affected by the conflict among its promoters.

Meanwhile, Foreign Institutional Investors (FIIs) have sold Rs 1,768 crore, in 5 sessions, since the Budget proposal on July 5.

--IANS ravi/in

( 182 Words)

2019-07-11-17:22:06 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Sharp India's current focus on lifestyle...
Mindtree net up 45% quarterly, down 35% ...
Zyfra commissions its first unmanned hau...
SCHOTT enters the Indian mobile market b...
NALCO faces 'acute' shortage of coal, sc...
US stocks close lower amid mixed data...
More...
 
INDIA WORLD ASIA
50 per cent of all iPhones are running i...
KCR's election rally in Huzurnagar cance...
Army rolls out system for digitised reco...
SC directs J&K to produce orders on rest...
BJP MPs flag off hi-tech machines to cur...
Chhattisgarh CM condemns state worker's ...
More...    
 
 Top Stories
Tendulkar joins hands with legends ... 
Iran warns to reduce nuclear commit... 
Champions League slot a big motivat... 
BSF trooper killed in firing by Bor... 
DMRC to upgrade to eight-coach metr... 
Indian markets jump sharply as EU, ... 
Karnataka, Kerala, Gujarat top in u... 
Prince William, Kate fine after 'mi...