D A L A L S T R E E T f a c e
INDIAN BENCHMARKS Indian shares rose 1 percent, snapping a seven-session
losing streak as lenders rallied after the central bank governor announced bond purchases.
Shares also tracked a regional rally after U.S. Federal Reserve Chairman nominee Janet Yellen
said the Fed has "more work to do" to help the U.S. economy, spurring hopes she would opt to
delay tapering of monetary stimulus if her confirmation is approved by the U.S. Congress.
Data on Thursday showed India's headline inflation accelerated to an eight-month high of 7.0
percent in October, raising the prospect of a fresh rate hike despite the central bank governor's
soothing words on Wednesday on core retail inflation.
The INDIAN BENCHMARKS, SENSEX ended UP 205.02 points or 1.02% at 20,399.42 and
the 50-share NIFTY closed 66.55 points or 1.11 % UP at 6056.15
equity tips commodity tips stock tips free equity tips
INDIAN BENCHMARKS Indian shares rose 1 percent, snapping a seven-session
losing streak as lenders rallied after the central bank governor announced bond purchases.
Shares also tracked a regional rally after U.S. Federal Reserve Chairman nominee Janet Yellen
said the Fed has "more work to do" to help the U.S. economy, spurring hopes she would opt to
delay tapering of monetary stimulus if her confirmation is approved by the U.S. Congress.
Data on Thursday showed India's headline inflation accelerated to an eight-month high of 7.0
percent in October, raising the prospect of a fresh rate hike despite the central bank governor's
soothing words on Wednesday on core retail inflation.
The INDIAN BENCHMARKS, SENSEX ended UP 205.02 points or 1.02% at 20,399.42 and
the 50-share NIFTY closed 66.55 points or 1.11 % UP at 6056.15
equity tips commodity tips stock tips free equity tips
0 Comments