Markets end at record highs, up over 1% for the day; PSU Banks, realty lead

All that happened in the market today

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The benchmark indices ended the day at record highs on Wednesday after the index heavyweight Bharti Airtel hit its highest in nearly a decade post its September quarter numbers.
In intra-day The Sensex soared over 33,600-mark and clocked its all-time high figure of 33651, while the Nifty rallied to 10,451 during the day’s trade — also its all-time high mark.

Strong moves on banks, PSUs and private, along with metals, FMCG, and infrastructure stocks also added to the sentiment.

Overseas, Asian shares scaled a 10-year high, with Japan and South Korea markets leading gains in the region. on the back of solid economic growth globally, while oil prices extended a bull run on hopes that major producers will maintain their output cuts.

Investors await the outcome of the US Federal Reserve’s two-day policy meeting later in the session for clues about future tightening.
The US central bank is expected to leave interest rates unchanged, but investors will be watching for any new indications that the Fed will resume raising rates next month.

 

Source business-standard.com
Via business-standard.com

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