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Fed stance, lower oil prices propel market to new high
The Morning Standard
|December 15, 2023
Fed keeps rates within 5.25%-5.5% range, signals 3 rate cuts in 2024
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DOMESTIC equity markets scaled to fresh highs on Thursday, with the benchmark indices BSE Sensex and NSE Nifty50 gaining nearly 1.3% each after the US Federal Reserve signalled the end of its hawkish stance and at least three rate cuts next year.
Sensex ended 929.60 points or 1.34% higher at 70,514.20 while the Nifty 50 closed at 21,182.70, up 256.35 points or 1.23%. Investors' wealth surged by ₹4 lakh crore as the market capitalisation of the BSE-listed companies rose to ₹355.10 lakh crore.
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FLERE HISTORIER FRA The Morning Standard
The Morning Standard
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