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Indian Shares Little Changed After Strong Rally
The Sensex rose 0.1 percent as investors weighed Fed minutes and the RBI policy announcement after Tuesday's IT-led surge.
- On Wednesday, the BSE Sensex edged up 0.1 percent to 73,122, while The NSE Nifty slipped to 22,709 after surging 1.6 percent the previous day.
- Tuesday's rally saw the BSE Sensex rise 1.5 percent and The NSE Nifty surge 1.6 percent, marking the biggest single-day gain in more than two months.
- Information technology stocks led the market rally on Tuesday, propelling the strong gains that investors processed cautiously on Wednesday.
- The Reserve Bank policy announcement took center stage in Asia this week as investors in India monitored the decision closely amid market volatility.
- Minutes from the latest Federal Reserve policy session and purchasing managers' survey results in Europe also influenced global sentiment this week.
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Sensex, Nifty muted a day after sharp rally, IT stocks extend gains. What lies ahead for Dalal Street?
Indian equities traded nearly flat after a sharp rally in the previous session, with IT stocks extending gains while pharma shares declined. Analysts flagged elevated US bond yields and crude oil prices as headwinds, even as short-covering and hopes of tax relief supported sentiment.
·India
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Coverage Details
Total News Sources11
Leaning Left0Leaning Right3Center3Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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