Mumbai, Oct. 15 -- The key equity indices traded with significant gains in the mid-morning trade, ending a two-day losing streak. The Sensex and Nifty rose along with other Asian markets. Confidence grew because people expect the U.S. Federal Reserve to cut interest rates, and lower retail inflation in India made many hopefuls that the Reserve Bank of India will also lower rates in December.
The Nifty traded above the 25,300 level. PSU Bank shares advanced after declining for previous trading session.
At 11:30 ST, the barometer index, the S&P BSE Sensex, jumped 542.76 points or 0.66% to 82,568.72. The Nifty 50 index added 171.70 points or 0.68% to 25,317.20.
In the broader market, the S&P BSE Mid-Cap index rose 0.94% and the S&P BSE Sm...
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