Key Points
On Wednesday, the NSE Nifty 50 surged 100 pts or 0.6%, hitting an intraday high of 17,207.25; BSE Sensex climbed 350 pts to a days high of 58,418.78 and Bank Nifty rose 0.5% to 40,085.60...
Nifty and Sensex surged in morning trade on Wednesday but pared some gains while holding crucial levels as investors awaited US Federal Reserves interest rate decision..
Analysts attribute todays rise to additional funding and buy-out measures by the US and European governments to calm down investors, giving hints that the banking crisis may have come under control...
GST collections, fuel consumption etc. have been healthy throughout so the impact on the Indian equity market and emerging market is expected to be nominal, said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd...
Government intervention in the banking crisis may encourage Fed to continue its fight against inflation at the same pace and may put pressure on gold in the near term..
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