Sensex mirrors Asian gains, goes up after Fed holds rates

Image
Press Trust of India Mumbai
Last Updated : Nov 02 2017 | 10:07 AM IST
Stock markets rose today, in line with upbeat Asian shares, following an optimistic appraisal of economic conditions by the US Federal Reserve.
The US central bank left interest rates unchanged at the end of its two-day policy meet, but remains on path for a possible December hike as it cited "solid rate" of growth.
This lifted Asian markets, which in turn made the 30- share Sensex firm up 45.53 points, or 0.13 per cent, to 33,645.80. It rallied 387.14 points to close at a record high of 33,600.27 in the previous session.
Healthcare, consumer durables, IT, oil and gas, realty, technology and banking indices made gains.
The National Stock Exchange index Nifty too was up 8.55 points, or 0.08 per cent, to trade at 10,449.05.
Big gainers were Sun Pharma, Lupin, Cipla, Bajaj Auto, ICICI Bank and TCS, rising by up to 2.65 per cent.
Hong Kong's Hang Seng moved up 0.10 per cent while Japan's Nikkei rose 0.23 per cent today, but Shanghai Composite shed 0.47 per cent.
The US Dow Jones Industrial Average ended 0.25 per cent up yesterday.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 02 2017 | 10:07 AM IST

Next Story