The Indian equity market opened over 1% up as US Federal Reserve kept the rates unchanged. The S&P BSE Sensex jumped over 350 points, while the broader Nifty50 went above its key 8,890 level.
The S&P BSE Sensex is trading at 28,785 up 277 points, while NSE Nifty is trading at 8,867 up 90 points.
The BSE Mid-cap Index is trading up 0.87% at 13,225 whereas BSE Small-cap Index is trading up 0.92% at 12,939.
ICICI Bank, Hero MotoCorp, Tata Steel, SBI, Axis Bank and Bajaj Auto are among the gainers, whereas Wipro, Dr.Reddy's and Infosys are losing sheen on BSE.
All the BSE sectoral indices were trading in the positive territory. Some buying activity is seen in banking, realty, metal, auto, finance, basic materials and realty sectors.
The INDIA VIX is down 8.29% at 13.5775. Out of 1,863 stocks traded on the NSE, 322 declined, 1,202 advanced and 339 remained unchanged today.
A total of 31 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-week low on the NSE.
The rupee opened higher 17 paise at 66.86/$ against US Dollar Thursday as against the previous close of 67.01/$.
The current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1% of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said.
On the economy front, the Union cabinet also approved the finance ministry’s proposal to advance the general budget’s presentation by a month from the end of February.
Asian markets opened higher on Thursday. Shanghai Composite and Hang Seng are up by 1% each. Japanese markets were closed to observe a local holiday.
Wall Street closed sharply higher on Wednesday after the Federal Reserve kept interest rates unchanged. The Dow Jones industrial average gained 0.90% to close at 18,293.7 points. The S&P 500 rose 1.09% to end at 2,163.12 points, while the Nasdaq advanced 1.03% to close at 5,295.18 points.
The US Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten the monetary policy by the end of this year as the labour market improved further.
The Rs.6,057-crore IPO of ICICI Prudential Life Insurance Company has oversubscribed 10.47 times on Wednesday, the last day of subscription.
The S&P BSE Sensex is trading at 28,785 up 277 points, while NSE Nifty is trading at 8,867 up 90 points.
The BSE Mid-cap Index is trading up 0.87% at 13,225 whereas BSE Small-cap Index is trading up 0.92% at 12,939.
ICICI Bank, Hero MotoCorp, Tata Steel, SBI, Axis Bank and Bajaj Auto are among the gainers, whereas Wipro, Dr.Reddy's and Infosys are losing sheen on BSE.
All the BSE sectoral indices were trading in the positive territory. Some buying activity is seen in banking, realty, metal, auto, finance, basic materials and realty sectors.
The INDIA VIX is down 8.29% at 13.5775. Out of 1,863 stocks traded on the NSE, 322 declined, 1,202 advanced and 339 remained unchanged today.
A total of 31 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-week low on the NSE.
The rupee opened higher 17 paise at 66.86/$ against US Dollar Thursday as against the previous close of 67.01/$.
The current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1% of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said.
On the economy front, the Union cabinet also approved the finance ministry’s proposal to advance the general budget’s presentation by a month from the end of February.
Asian markets opened higher on Thursday. Shanghai Composite and Hang Seng are up by 1% each. Japanese markets were closed to observe a local holiday.
Wall Street closed sharply higher on Wednesday after the Federal Reserve kept interest rates unchanged. The Dow Jones industrial average gained 0.90% to close at 18,293.7 points. The S&P 500 rose 1.09% to end at 2,163.12 points, while the Nasdaq advanced 1.03% to close at 5,295.18 points.
The US Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten the monetary policy by the end of this year as the labour market improved further.
The Rs.6,057-crore IPO of ICICI Prudential Life Insurance Company has oversubscribed 10.47 times on Wednesday, the last day of subscription.
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