Mint Evening Market Wrap artwork

23.09.2021 | Sensex nears 60000 despite Fed's hawkish stance

Mint Evening Market Wrap

English - September 23, 2021 13:14 - 3 minutes - 3.55 MB
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Previous Episode: 22.09.2021 | Markets volatile as investors await Fed meet outcome
Next Episode: 24.09.2021 | Sensex ends above 60000 for first time, markets scale new high

Indian markets hit fresh record high on Thursday, with the Sensex just short of hitting 60000, despite US Federal Reserve's hawkish stance signaling interest rate increases may follow more quickly than expected. Analysts said markets response to Fed’s stance is surprising but indicative of the strong bullish undercurrent. Evergrande crisis in China appears to be receding as of now.