He was optimistic on consumer spending. Markets interpreted his remarks to be a clear indication that the Fed is done with hiking rates.
Bulls set new records on one-way Dalal Street
Traders have factored in victories for the BJP in the latest round of state polls and their results, to be announced Sunday, may have a bearing on the short-term directional trend for stocks, although most analysts believe the indices will climb through December.
RBI, BoE ink MoU on CCIL, clear decks for bond trade
The move is a relief to UK-based banks Standard Chartered, Barclays and HSBC, which are themselves large players in the domestic bond and derivatives markets and are also custodians of foreign investment flows into India.
Public sector and auto stocks lead Nifty rally
Its previous record was hit on September 15 at 20,222.45. In the past one-and-a-half-months, the Nifty Realty was the top gainer, which saw an upside of over 21%. Nifty India Defense gained almost 12%.
Taking Stock: Fresh record high for Nifty, Sensex up 493 pts; auto stocks under pressure
Biggest gainers on the Nifty included NTPC, ITC, LT, Britannia Industries and Axis Bank, while losers were Hero MotoCorp, HDFC Life, Wipro, MM and SBI Life Insurance.4 stocks closed crossing above VWAP on November 30
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Positive Breakout: Marico and 6 other stocks cross above their 200 DMA
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
At multi-year highs: Axis Bank among 7 stocks that saw 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Taking Stock: Nifty above at 20,100 on expiry day; Sensex gains amid volatility
On the sectoral front PSU Bank index down 1.5 percent, while pharma, capital goods, realty and oil gas indices added 1-1.5 percent eachMid-day Mood | Indices trade marginally down but two listings steal the show
Some volatility was also seen in trade as traders rushed in to rollover positions ahead of the expiry of the November derivatives series, slated at market close today.