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 Sports Sun.

More Information

23 ℃

Mostly Cloudy in Seletar

US Sports

Section

Bucs RB Leonard Fournette added to injury report

Buccaneers running back Leonard Fournette hit the injury report Thursday and was limited in practice due to a foot injury. ...

After ending skid, Magic now face Raptors

The visiting Toronto Raptors will be out to continue their dominance of the Orlando Magic on Friday night in the ...

Back to winning, Nets out for more vs. Hawks

While the Brooklyn Nets were glad to rack up another win and continue their recovery from a nightmarish start to ...

Finally back home, Pacers face struggling Wizards

The Washington Wizards look to apply the brakes and halt their losing ways on Friday when they visit the Indiana ...

Knicks set to flash stingy defense again vs. Hornets

The Charlotte Hornets and New York Knicks have more in common with each other than either team might prefer. Both ...

Knicks F Obi Toppin (knee) out 2-3 weeks

New York Knicks power forward Obi Toppin suffered a knee injury during Wednesday's game and will be sidelined 2-3 weeks. ...

NFL

Section