Stock markets rally for sixth day on buying in HDFC Bank, L&T, RIL
NTPC, TaMo, Bajaj Finserv, Bharti Airtel, HDFC, Titan, Power Grid were among gainers
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NTPC, TaMo, Bajaj Finserv, Bharti Airtel, HDFC, Titan, Power Grid were among gainers
On Thursday, September 7, U.S. markets ended mixed, driven by concerns about the Federal Reserve possibly keeping high interest rates for an extended period, which weighed on investor sentiment.
On Wednesday, September 6, the U.S. markets ended in red; Nasdaq was down 1%, driven by concerns that strong services sector data could lead to prolonged high interest rates due to persistent inflation.
On Tuesday, September 5, the U.S. markets ended in red. Dow fell due to higher Treasury yields, but a boost in energy stocks limited the losses. U.S. Treasury yields climbed as strong economic data and comments from Fed Governor Christopher Waller indicated no immediate need for rate changes.