SME Times is powered by   
Search News
Just in:   • Covid-19 Essentials Expo India  • Google to pump in Rs 75,000cr to help India go digital  • Import compliance relief extended for gems, jewellery sector  • Amid volatility, Sensex trims major gains, RIL at new high  • Sitharaman reviews Aatmanirbhar Bharat package 
Last updated: 11 Jul, 2019  

BSE.9.thmb.jpg Sensex ends 266 points higher on Fed's dovish comments

BSE.9.jpg
   Top Stories
» Import compliance relief extended for gems, jewellery sector
» Sitharaman reviews Aatmanirbhar Bharat package
» AEPC writes to PM for review of trade pacts
» No V-shaped recovery for economy: Survey
» MSME loans sanctioned under ECLGS reach Rs 1.20 lakh cr
SME Times News Bureau | 11 Jul, 2019
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.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 14 Jul, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
» Pain points for MSMEs(2)
» UP govt to change lives of migrants: MSME Principal Secy(2)
» Subsidy provided to artisans under Solar Charkha Mission: MSME minister(1)
» Appoint distributors, expand your business(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter