Indian stock indices extend gains for third straight session

ANI
24 Nov 2022, 11:33 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 Japan Herald.

More Information

null in null

Asia Pacific

Section

China's passenger car sales rise for third straight month in April

Chinese passenger car sales rise for a third month in April

SHENZHEN, China: China's passenger car sales climbed for the third consecutive month in April, increasing 14.8 percent from a year...

Taiwan’s China Airlines orders 14 Boeing 777X jets

Taiwan's China Airlines orders 14 Boeing 777X planes

TAIPEI, Taiwan: Taiwan's China Airlines has placed an order for 14 Boeing 777X wide-body aircraft, consisting of 10 777-9 passenger...

Microsoft bans Chinese AI app Deepseek over data security fears

Microsoft denies its employees use of China's Deepseek

REDMOND, Washington: Microsoft has prohibited its employees from using Deepseek, a Chinese artificial intelligence app, citing concerns...

Ravi Shastri says if he was coach, Rohit would have played last Test of Australia series

New Delhi [India] May 16 (ANI): India team's former head coach Ravi Shastri has revealed what he would have told Rohit Sharma ahead...

CHINA-BEIJING-DANISH CHAMBER OF COMMERCE-BOARD MEMBER-INTERVIEW (CN)

(250516) -- BEIJING, May 16, 2025 (Xinhua) -- Simon Lichtenberg, national board member of the Danish Chamber of Commerce in China,...

West pitting India against China Lavrov

Russias foreign minister said attempts were being made to provoke a serious clash between the Asian giants The West is attempting...

Business

Section