Pause in rate hikes fails to trigger stock rally

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Key Points

The 30-share Sensex gained 143.66 points, or 0.24%, to close at 59,832.97..

It has gained close to 2,220 points, or 3.85%, in the last five sessions, during which investor wealth has increased by Rs 10.43 trillion...

While the markets had factored in a hike, the Monetary Policy Committees decision to hit the pause button didnt trigger any rally on a day the Asian indices traded in the red...

Undoubtedly, the markets reaction to the pause was positive as reflected in the 10-year yield that fell 5 bps, and both the Nifty50 and Sensex rose for the fifth day in a row, said Nilesh Shah, MD and CEO of Kotak MF...

The Nifty50 rose 42.10 points, or 0.24%, to close at 17,599.15, having risen by 647 points, or 3.85%, in the last five sessions...

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