Stock market today: Sensex, Nifty end with mild gains after US Fed policy; BSE Midcap hits record high

2 weeks ago 5

1 min read 02 May 2024, 03:41 PM IST Trade Now

Stock marketplace today: Sensex closed with a summation of 128 points, oregon 0.17 per cent, astatine 74,611.11 portion the Nifty settled astatine 22,648.20, up 43 points, oregon 0.19 per cent.

Stock marketplace today: The Indian banal marketplace remained calm successful effect to the unchanged monetary argumentation stance of the US Federal Reserve, with some the Sensex and the Nifty closing with humble gains connected Thursday, May 2.

Sensex closed with a summation of 128 points, oregon 0.17 per cent, astatine 74,611.11 portion the Nifty settled astatine 22,648.20, up 43 points, oregon 0.19 per cent.

The US Federal Reserve, connected Wednesday, kept the national funds complaint unchanged astatine 5.25 per cent - 5.50 per cent for the sixth consecutive time. The argumentation result did not importantly interaction the banal marketplace arsenic it was successful enactment with marketplace expectations.

Maintaining the presumption quo connected rates, the Fed rejected immoderate anticipation of a complaint hike successful the adjacent aboriginal portion besides avoiding giving wide signals connected complaint cuts.

(More to come)

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Published: 02 May 2024, 03:30 PM IST