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Global stocks rise as Fed stands pat

The benchmark Sensex rose 265 points or 0.9 per cent at 28,773, while the Nifty climbed 90 points or one per cent to close at 8,867

rose, the currency strengthened and slid after the stood pat on interest rates, reflecting a relief rally that propped up the world over.

The Fed signalled that rates could be hiked in December, if the labour market showed signs of recovery, and that rate hikes were needed to keep the economy from overheating.

The benchmark rose 265 points or 0.9 per cent at 28,773, while the Nifty climbed 90 points or one per cent to close at 8,867. Japan’s Nikkei 225 gained 1.9 per cent and South Korea’s was up 0.7 per cent.  The European opened strongly, too, posting gains of between 1.5 and 2 per cent.

will continue to remain beneficiaries of FPIs flows until the Fed starts raising rates,” said U R Bhat, director at Dalton Capital Advisors (India).

The strengthened 0.53 per cent on global weakness to close at 66.67 a dollar, up from its previous close of 67.02 a dollar. Most of the Asian currencies gained on Thursday, led by South Korean won that rose 1.549 per cent in the day. The index, which measures the greenback’s strength against global major currencies, fell 0.48 per cent to 95.204 after the US Fed decision.

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Business Standard
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Business Standard

Global stocks rise as Fed stands pat

The benchmark Sensex rose 265 points or 0.9 per cent at 28,773, while the Nifty climbed 90 points or one per cent to close at 8,867

Pavan Burugula & Anup Roy  |  Mumbai 

Global stocks rise as Fed stands pat

rose, the currency strengthened and slid after the stood pat on interest rates, reflecting a relief rally that propped up the world over.

The Fed signalled that rates could be hiked in December, if the labour market showed signs of recovery, and that rate hikes were needed to keep the economy from overheating.



The benchmark rose 265 points or 0.9 per cent at 28,773, while the Nifty climbed 90 points or one per cent to close at 8,867. Japan’s Nikkei 225 gained 1.9 per cent and South Korea’s was up 0.7 per cent.  The European opened strongly, too, posting gains of between 1.5 and 2 per cent.

will continue to remain beneficiaries of FPIs flows until the Fed starts raising rates,” said U R Bhat, director at Dalton Capital Advisors (India).

The strengthened 0.53 per cent on global weakness to close at 66.67 a dollar, up from its previous close of 67.02 a dollar. Most of the Asian currencies gained on Thursday, led by South Korean won that rose 1.549 per cent in the day. The index, which measures the greenback’s strength against global major currencies, fell 0.48 per cent to 95.204 after the US Fed decision.

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Global stocks rise as Fed stands pat

The benchmark Sensex rose 265 points or 0.9 per cent at 28,773, while the Nifty climbed 90 points or one per cent to close at 8,867

The benchmark Sensex rose 265 points or 0.9 per cent at 28,773, while the Nifty climbed 90 points or one per cent to close at 8,867 rose, the currency strengthened and slid after the stood pat on interest rates, reflecting a relief rally that propped up the world over.

The Fed signalled that rates could be hiked in December, if the labour market showed signs of recovery, and that rate hikes were needed to keep the economy from overheating.

The benchmark rose 265 points or 0.9 per cent at 28,773, while the Nifty climbed 90 points or one per cent to close at 8,867. Japan’s Nikkei 225 gained 1.9 per cent and South Korea’s was up 0.7 per cent.  The European opened strongly, too, posting gains of between 1.5 and 2 per cent.

will continue to remain beneficiaries of FPIs flows until the Fed starts raising rates,” said U R Bhat, director at Dalton Capital Advisors (India).

The strengthened 0.53 per cent on global weakness to close at 66.67 a dollar, up from its previous close of 67.02 a dollar. Most of the Asian currencies gained on Thursday, led by South Korean won that rose 1.549 per cent in the day. The index, which measures the greenback’s strength against global major currencies, fell 0.48 per cent to 95.204 after the US Fed decision.
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Business Standard
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