Stocks, Bonds Soar After Inflation Data
Major indexes jump on hopes Fed’s rate hikes may be over
Source: wsj.com
Stay updated with breaking news from Markets Today. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Major indexes jump on hopes Fed’s rate hikes may be over
BSE Sensex jumps 742 points to close at 65,675.93, while the NSE Nifty rises by 231.9 points to cross the 19,750 level to close at 19,675.45
Infosys, Wipro, Tata Steel, TCS, Reliance Industries, Axis Bank were major gainers
Major indexes opened lower but later recouped some of their declines
Broader markets outperformed the indices with Nifty Smallcap closing 1.2 pc higher