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Trump's Push to Replace Powell Fuels Market Bets
Business Standard
|June 27, 2025
Sensex, Nifty Close at Highest Levels Since Oct 1
Domestic equities on Thursday closed at their highest levels in nine months, buoyed up by a decline in the US dollar and Treasury yields.
Market traders increased bets on faster US interest rate cuts, following reports that American President Donald Trump may fast-track his nomination for the next Federal Reserve chief. Trump has been critical of the current Fed chair Jerome Powell for not pushing rate cuts.
The BSE Sensex ended the day at 83,756, a gain of 1,000 points or 1.2 percent. The Nifty 50 finished the session at 25,549, up by 304 points or 1.2 per cent. Both indices achieved their highest closing since October 1, 2024. The total market capitalisation of BSE-listed companies increased by 3.5 trillion to 457.5 trillion.
Foreign portfolio investors (FPIs) were net sellers to the tune of ₹2,428 crore, while domestic institutional investors were net buyers worth ₹2,373 crore.
Diese Geschichte stammt aus der June 27, 2025-Ausgabe von Business Standard.
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