Markets continue to rally on dovish Fed
Financial Express Mumbai|November 07, 2023
SENSEX AND NIFTY JUMP NEARLY 1%
SWASTIKA MUKHOPADHYAY
Markets continue to rally on dovish Fed
  • Capital goods, metals and industrials sectors stocks post gains 

THE RALLY in markets extended to the third straight session led by a continued optimism as investors cheered the moderation in monetary tightening by the Federal Reserve, whereas soft US payroll data aided sentiments.

The domestic benchmarks closed at the highest value in two weeks, with Sensex gaining about 595 points, or 0.92%, to 64,958.69. Intraday, the index climbed as much as 628 points. The 50 stocks compiled index Nifty50 rose 181 points, or 0.94%, to close the day at 19,411.75. The index rose as much as 192 points, or 1%, on an intraday basis.

This story is from the November 07, 2023 edition of Financial Express Mumbai.

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This story is from the November 07, 2023 edition of Financial Express Mumbai.

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