Positive trade continues at D-Street after Fed decision
22/09/2016 13:27
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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At 1:05 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,725.51, up by 218.09 points or 0.77 points or 0.98 per cent while the NSE Nifty was at 8,843, up by 65.85 points or 0.75 per cent.
Fed signaled that it could tighten monetary policy by the end of this year as the labour market improved further.
Markets saw across-the-board buying from investors and strong inflows from overseas investors as they cheered the Fed decision not to lift interest rates.
Buying momentum was witnessed mainly in the oil & gas and power sector stocks.
On the global front, Asian markets were green except Japan, after the US Fed kept key rates unchanged for the 6th straight meeting on Wednesday, saying it needs to see more signs of strength in the US economy.
22/09/2016 13:27
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Indian equity benchmarks extended gains during the afternoon session on Thursday tracking positive cues globally after the US Federal Reserve on Wednesday kept its benchmark interest rates steady and leaving the low-rate environment intact for now.At 1:05 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,725.51, up by 218.09 points or 0.77 points or 0.98 per cent while the NSE Nifty was at 8,843, up by 65.85 points or 0.75 per cent.
Fed signaled that it could tighten monetary policy by the end of this year as the labour market improved further.
Markets saw across-the-board buying from investors and strong inflows from overseas investors as they cheered the Fed decision not to lift interest rates.
Buying momentum was witnessed mainly in the oil & gas and power sector stocks.
On the global front, Asian markets were green except Japan, after the US Fed kept key rates unchanged for the 6th straight meeting on Wednesday, saying it needs to see more signs of strength in the US economy.
