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Sensex, Nifty join global rally on bets of end to Fed rate hikes
![IndiaTimes]()
Thursday, 2 November 2023
Both Indian indices rose on Thursday, following global stocks, after the US Federal Reserve's less hawkish stance on monetary policy. The NSE Nifty 50 index and the S&P BSE Sensex both closed higher. The Fed's decision to hold interest rates steady and its comments on inflation being slightly dovish eased market fears. The benchmark US 10-year bond yield dropped to a two-week low, making Indian equities more attractive to foreigners. All 13 sectoral indexes advanced on the day.
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Thursday, 2 November 2023
