New Delhi, Dec. 11 -- The Indian stock market snapped its three-day losing run to end with healthy gains on Thursday, December 11, after the US Federal Reserve cut interest rates by 25 basis points and signalled one more rate cut next year, which drove the dollar index down by 0.25% during the session.
The Sensex closed 427 points, or 0.51%, higher at 84,818.13, while the Nifty 50 settled at 25,898.55, up 141 points, or 0.55%. The market witnessed broad gains as the BSE Midcap and Smallcap indices also rose by 0.79% and 0.51%, respectively.
(This is a developing story. Please check back for fresh updates.)
Read all market-related news here
Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The...
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.