Thursday, 9 October 2014

Indian Equity Market Commentary by MarketMagnify

The S&P BSE Sensex surged over 300 points in trade on Thursday tracking Asian markets, which were trading higher after the US Federal Reserve reassured investors that its first interest rate hike would not come until it deemed the economy could withstand it. 

The rally in the index was led by gains in ICICI Bank, InfosysBSE 0.51 %, L&T, TCS, Reliance Industries BSE 0.86 % and TCS. Tracking the momentum, the 50-share Nifty index managed to reclaim its crucial psychological level of 7900, supported by gains in pharma, metal, realty and banking stocks. 

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1 comment:

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