Economy · India
Indian Stock Markets Snap Four-Day Losing Streak Amid Easing Rate Hike Fears
Indian equity markets experienced a relief rally on Friday, snapping a four-day losing streak. The benchmark Sensex rose 0.48%, and the Nifty gained 0.1%, closing just below the 23,900 mark. This rebound was attributed to easing concerns over an imminent US Federal Reserve rate hike and declining US yields. Metal and banking stocks were among the top gainers, with Tata Steel and SBI Life showing significant increases. The market sentiment was also boosted by gains in Asian markets. Separately, capital market stocks saw gains following a circular from regulator Sebi regarding the Closing Auction Session mechanism, which addressed market concerns about settlement pricing.
How outlets across the spectrum covered it
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- Centre (5): Business Standard, Mint, The Economic Times, The Hindu BusinessLine, The Statesman
- International (2): Reuters, The Age