Nifty, Sensex Trying to Rally - Monday Closing Report
On Monday, 2066 stocks advanced, 1676 declined and 165 remained unchanged, with an advance decline ratio of 1.23 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. The week's trading began with little volatility and ended with small gains. The eagerly awaited Jackson Hole meeting failed to deliver much of a surprise, as the Fed chair reiterated the Fed's commitment to keeping inflation within target boundaries while expressing satisfaction with the progress.