Stock market today: Sensex, Nifty end with mild gains after US Fed policy; BSE Midcap hits record high
Maintaining the status quo on rates, the Fed rejected any possibility of a rate hike in the near future while also avoiding giving clear signals on rate cuts. Experts said investors should focus more on domestic fundamentals and less on the Fed's policy moves as the US central bank may keep interest rates intact for a longer period.
Also Read: US Fed policy: Political stability to outweigh higher interest rate concerns for Indian investors, experts say After opening 91 points lower at 74,391.73, the Sensex traded in the green for most of the day, rising as much as 330 points in the intraday session to the day's high of 74,812.43. The index, however, pared gains to end mildly higher.
The Nifty 50 opened at 22,567.85 against its previous close of 22,604.85 and touched its intraday high of 22,710.50 during the session. Some 29 stocks ended in the green in the Nifty 50 index and the remaining 21 ended lower.
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