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Market Recovers As Rate Cut Prospect Improves; Sensex, Nifty Gain Over 1%
The New Indian Express
|May 17, 2024
DOMESTIC equity market made a swift recovery from last week's aggressive sell-off which was triggered by concerns related to the outcome of 2024 General Elections.
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The local benchmark indices - BSE Sensex and NSE Nifty-extended this week's gain and ended higher by nearly 1% each on Thursday, all thanks to robust buying across sectors during fag-end of the session.
Experts say the buying was driven by strong global trends as lower-than-expected US consumer inflation figures have again triggered chances of at least two interest rate cuts by the US Federal Reserve in 2024.
Bu hikaye The New Indian Express dergisinin May 17, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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