Stock market today, Aug. 25 -- Indian stock market indices began the week on a positive note on Monday, following gains in other Asian markets after U.S. Federal Reserve Chair Jerome Powell suggested a potential interest rate reduction in the upcoming month.
As of 9:18 IST, the Nifty 50 rose 0.28% to reach 24,939.15 points, while the BSE Sensex increased by 0.29%, reaching 81,542.95.
On Friday, Powell indicated the possibility of a rate decrease at the Federal Reserve's September meeting, acknowledging increasing risks to the job market but also warning that inflation continued to pose a threat and that a final decision had not been determined.
Decreased U.S. interest rates enhance the attractiveness of emerging markets, including Indi...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.