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St closes firm as Fed hints at a rate cut

DNMUM439144 | 7/12/2019 | Author : DNA Money Correspondent | WC :128

market diary

Mumbai: The domestic equity market on Thursday stalled the selling spree at the Dalal Street as possibility of interest rate cuts by the US Federal Reserve lifted global markets sentiments.
On Thursday, key benchmark indices both ended in green after the market been largely volatile since last week. S&P BSE Sensex opened at 38,751.62 and touched an intraday high of 38,892.50 before closing at 38,823.11, 266.07 points or 0.69% higher than its previous close. NSE Nifty 50 ended 84 points or 0.73% higher at 11,582.90, after rising about 100 points intraday.
S&P BSE Midcap and Smallcap gained less, 0.56% and 0.41% respectively, thereby underperforming Sensex.
Of the 30-stock Sensex, 23 stocks reported gains, while seven stocks ende
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