Key Points
The Sensex ended at a four-and-a-half month high of 61,749.25, up 555.95 points, or 0.91%, from Wednesday's close..
The Nifty advanced 165.95 points, or 0.92%, from the previous close to end at 18,255.80.
Wednesday, the US markets rose soon after the American central bank in the policy statement signalled a potential end to rate hikes after a widely expected 25-bps increase in its policy meeting, but the rally fizzled out after Fed chair Jerome Powell in the press conference said that the Fed sees inflation as too high and that the rate tightening might not be over...
Mumbai: India's primary equity gauges surged nearly 1% Thursday to their highest this year, and to within a touching distance of all-time records, as Mumbai shrugged off the weakness evident in Europe and parts of Asia over continued uncertainty surrounding the US Federal Reserve's future interest-rate trajectory..
Asian markets ended mixed, while major European indices ended lower after the ECB - the central bank for 20 European countries - delivered a 25-basis-point rate hike in its fight against inflation..
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