Extending gains from the previous session, Indian stock indices rose this morning and hit fresh lifetime highs.
The robust inflows of foreign funds, relative strength of the Rupee, and hint by the US Fed on slowing down on policy rates supported Indian stock markets. At the time of writing this report, Sensex traded at 62,706.73 points, up 201.93 points or 0.32 per cent, whereas Nifty traded at 18,626.70 points, up 63.95 points or 0.34 per cent.
The minutes of the US Federal Reserve’s latest monetary policy review meeting showed a substantial majority of members judged that a slowing in the pace of increase in policy rates would likely “soon be appropriate”.
Coming to foreign funds, they have purchased over Rs 31,000 crore worth of equities in India so far in November, NSDL data showed.
Among the Nifty 50 companies, Apollo Hospitals, Hindustan Unilever, Dr Reddy’s, Hindalco, and Tata Steel are the top gainers, whereas Bajaj Finserv, Tata Motors, BPCL, L&T, and Maruti Suzuki are the top losers, National Stock Exchange data showed.(ANI)
