India’s Nifty 50 Index hits a fresh record high of 9,143 points, up 0.65% or 56.60, while the benchmark Sensex index hit a fresh two-year high to 29,583.45, up 0.7% or 194.37 points, after the US Federal Reserve raised interest rates without accelerating its timeline for future tightening.
The NSE barometer Nifty50 hit a fresh all-time high of 9,152.90, while BSE’s benchmark Sensex rallied nearly 200 points after the US Federal Reserve in its overnight policy review hiked interest rate by 25 basis points, but signaled that further rate hikes would be gradual.
Nifty Bank, Nifty Midcap and Nifty Smallcap indices too hit their record high levels. Dollar tumbled, while global equities surge.
the Nifty50 was trading at 9,141, up 56.55 points, or 0.62 per cent. The BSE Sensex was up 190 points, or 0.61 per cent, at 29,587. Midcap and Smallcap indices rose up to 0.8 per cent.
“We would continue to remain upbeat on market and expect the Nifty to keep marching higher, first towards 9200 and then towards our near term target of 9400 – 9600 (price extension of previous up move from recent low of 7893.80) over the next few weeks,”
Read More – Market Updates
The post Today Nifty Hits Record high, Sensex surges nearly 200 points in market appeared first on Research Via.