Share market news today | Sensex, Nifty, LIVE Stock Prices: National markets opened with gains in the weekly F&O expiry session.
Share market news today | Sensex, Nifty, LIVE Stock Quotes: Domestic markets saw a pullback at the start of the day’s trading on Dalal Street. The S&P BSE Sensex opened just under 56,000 points, up more than 400 points or 0.6%. NSE Nifty 50 was above 16,700. Bank Nifty zoomed half a percent to regain 35,500. India’s VIX was down 6%. Tech Mahindra rose 2% as the top Sensex gainer, followed by Power Grid, NTPC and IndusInd Bank. In the red, Asian Paints was the big laggard, along with Ultratech Cement, Maruti Suzuki and Nestle India.
Making fighting inflation his main task, US Federal Reserve Chairman Jerome Powell announced on Wednesday that the central bank would begin raising rates this month despite uncertainties related to the Russia-Ukraine crisis. Powell, in his remarks before the U.S. House of Representatives Financial Services Committee, reiterated the Fed’s basic rhetoric that high inflation and an “extremely tight” labor market justify higher interest rates. higher. The US Fed Chairman said he was inclined to offer a 25 basis point rate hike later this month. The inflation rate in the United States has reached its highest level in 40 years.
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