By Aditya Raghunath
Investing.com – Indian markets closed at record highs for the second consecutive day, gaining 0.42% to close at 13,740 and 0.48% to close at 46,890.34. The greatest drag for Nifty is 13,650 and has built a nice moat at that figure. Markets are bullish thanks to the US Fed’s assurance that the stimulus will continue and interest rates will remain unchanged over the long term.
The US Fed is battling rising COVID-19 cases that are capable of slowing the economy again, but President Jerome Powell said he expects unemployment to drop below 5% by the end of next year. .
Divi’s Laboratories Ltd. (NS 🙂 gained over 3% today and HDFC (NS 🙂 closed with a 2.7% increase Bajaj Finance (NS 🙂 closing with an increase of 2.4%. closed 0.48% higher in line with the broader index. suffered a defeat and was down 0.58% at the end of the day.
European markets falter after healthy opening following renewed talks and focus on a Brexit deal. it was positive previously and is now trading down 0.12%, CAC has lost 22 points since opening but is still up 0.27%. It held up and is trading up 0.77%.
prices were up 0.61% and are now trading at over $ 48 levels. are trading up by 0.42% as they are (0.51%) and (0.53%).