Sensex, Nifty zoom nearly 2 percent amid rally in global stocks

November 11, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Equity benchmarks Sensex and Nifty on Friday spurted by nearly 2 percent propelled by heavy buying in IT, metal, and financial stocks amid a rally in global markets after lower-than-expected US inflation data. A strong rupee against the US dollar and unabated foreign capital inflows further bolstered sentiment, traders said. Easing US inflation triggered speculation that the US Federal Reserve might slow down the pace of interest rate hikes.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Sensex, Nifty zoom nearly 2 percent amid rally in global stocks

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