The Federal Open Market Committee left its benchmark rate unchanged in the range of zero to 0.25 per cent. Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 are likely to open flat on Thursday, as SGX Nifty is down just 12 points. Nifty futures were trading at 13,673 on Singaporean Exchange, indicating a flat start for the headline indices. In the previous session, Sensex and Nifty ended at record peaks at 46,666 and 13,683, respectively. In the early trade on Wednesday, Asian stock markets were ruling mixed following the lastest announcements from the US Federal Reserve. Japan’s Nikkei 225 was little changed while the Topix index was below the flatline. South Korea’s Kospi declined 0.66 per cent. In overnight trade on Wall Street, Nasdaq closing at a record high, S&P 500 ended 0.18 per cent up while the Dow Jones Industrial Average ended 0.15 per cent down.
The Federal Open Market Committee left its benchmark rate unchanged in the range of zero to 0.25 per cent. The Federal Reserve said it will continue to support the economy through massive monetary stimulus until it sees “substantial further progress” in employment and inflation. Fed expects to maintain the accommodative policy until inflation runs moderately above 2 per cent for some time.
Highlights
Capital markets watchdog Sebi on Wednesday decided to provide relaxation to promoters for participating in follow-on public offer (FPO). The board approved a proposal to do away with the applicability of minimum promoters’ contribution norm and the subsequent lock-in requirements for the issuers making FPO of specified securities, Sebi said in a statement.
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In overnight trade on Wall Street, Nasdaq closing at a record high, S&P 500 ended 0.18 per cent up while the Dow Jones Industrial Average ended 0.15 per cent down.
The Federal Reserve on Wednesday vowed to keep funneling cash into financial markets until the U.S. economic recovery is secure, a promise of long-term help that fell short of hopes of an immediate move to shore up a recent pandemic-related slide. Following a policy meeting that took stock of both the short-term risks to the economy and the new promise of a coronavirus vaccine, Fed Chair Jerome Powell acknowledged the U.S. central bank’s suite of tools is not well-suited to the most pressing needs faced by households and businesses today. (Reuters)
S&P BSE Sensex and NSE Nifty 50 were seen resuming their upwards march on Wednesday as the benchmark indices set record highs once again. Sensex now sits at 46,666 while the 50-stock Nifty is at 13,682. Broader markets outperformed benchmark indices and volatility slipped marginally. So far this month, benchmark indices have zoomed over 5.5% each already. On Thursday morning, cues from global peers were mixed as Dow Jones closed in red on Wednesday but NASDAQ and S&P 500 gained. Major Asian stock markets were trading higher except KOSPI.
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The Federal Open Market Committee left its benchmark rate unchanged in the range of zero to 0.25 per cent. The Federal Reserve said it will continue to support the economy through massive monetary stimulus until it sees “substantial further progress” in employment and inflation. Fed expects to maintain the accommodative policy until inflation runs moderately above 2 per cent for some time.
Investors have become richer by Rs 2.93 lakh crore over the past four sessions as equity markets continued their winning momentum amid unabated foreign fund inflows and supportive global cues. The 30-share BSE Sensex climbed 403.29 points on Wednesday to close at its all-time peak of 46,666.46. The BSE benchmark has gained 706.58 points in four trading sessions.
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