SME Times is powered by   
Search News
Just in:   • Sensex opens 170 points higher, Airtel top gainer  • US extends Huawei 90-day reprieve for third timeUS extends Huawei 90-day reprieve for third time  • Snapchat says it fact-checks all political ads  • Microsoft updates cloud contracts following EU privacy probe  • Techie in Pak custody was in depression, missing since 2017  
Last updated: 11 Jul, 2019  

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

BSE.9.jpg
   Top Stories
» Rs 15 lakh cr bank credit to MSMEs last fiscal
» Panel bats for decriminalising more provisions of Companies Act
» India targets $26 bn defence industry by 2025: Rajnath
» Modi meets Bill Gates
» Online registration for IndiaSkills 2020 opens
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 19 Nov, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» Mishra for separate polices, simple processes to help MSMEs(1)
» Online registration for IndiaSkills 2020 opens(1)
» Good progress made in the field of MSMEs: Gadkari(1)
» Awareness drives on MSME benefits(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter