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 International Travel News.

More Information

25 ℃

Mostly Cloudy in Seletar

Hospitality

Section

Saudi Prince Seeks Mideast Leadership, Independence With Xi's Visit

Riyadh, Saudi Arabia - Crown Prince Mohammed bin Salman hosts China's leader this week at a delicate moment in U.S.-Saudi ...

Northwestern gets past No. 20 Michigan State

Boo Buie scored 20 points to lead Northwestern to a 70-63 road win over Michigan State in a Big Ten ...

Oilers look to stay hot, host banged-up Capitals

The Edmonton Oilers will attempt to secure their fifth win in six games when they host the Washington Capitals on ...

UCLA uses late run to top Oregon in Pac-12 play

Amari Bailey and Jaylen Clark each scored 14 points Sunday and No. 21 UCLA rattled off eight straight points down ...

Braxton Meah, Washington hold off Colorado

Braxton Meah collected 16 points and seven rebounds and Cole Bajema added 16 and six, respectively, to lift host Washington ...

Fans' Wild World Cup Fashion Draws Praise, Scorn in Qatar

Doha, Qatar - The World Cup in Qatar has become a political lightning rod, so it comes as no surprise ...

Travel and Tourism

Section