Markets snap 5-day losing streak on Fed stance, economic reforms: Benchmark indices snapped five day losing streak and ended in line with the Asian peers after the US Federal Reserve said it would take a "patient" approach on deciding when to raise interest rates. Also, the Cabinet on Wednesday approved the Constitutional Amendment Bill on the long-delayed Goods and Service Tax which aided the sentiments.
The market breadth indicating the overall health of the market was quite strong, with more than three gainers for every loser on BSE. A number of side counters witnessed decent to strong gains. The Sensex ended up 416 points at 27,127 and the Nifty advanced 130 points to close at 8,159. In line with the large counterparts, the mid and small cap indices ended up 2.6% and 3% each.
The market breadth indicating the overall health of the market was quite strong, with more than three gainers for every loser on BSE. A number of side counters witnessed decent to strong gains. The Sensex ended up 416 points at 27,127 and the Nifty advanced 130 points to close at 8,159. In line with the large counterparts, the mid and small cap indices ended up 2.6% and 3% each.
No comments:
Post a Comment