BSE Sensex NSE Nifty LIVE COVID Update Sensex Nifty Open Higher After US Central Bank Policy ShiftPage Visited: 26
Domestic stock markets started Friday’s session on a positive note, rising for a sixth straight day, after the US central bank shifted its policy framework to focus more on economic growth instead of inflation. The S&P BSE Sensex index opened 148.07 points – or 0.38 per cent – higher at 39,261.54, whereas the broader NSE Nifty 50 benchmark began the day at 11,602.95, up 43.70 points – or 0.38 per cent – from its previous close.
On Thursday, Federal Reserve Chairman Jerome Powell laid out a policy that aims for 2 per cent inflation on average so that too low a pace would be followed by an effort to lift inflation “moderately above 2 per cent for some time.”
Though his comments were widely expected, some traders were disappointed that the US central bank did not reveal more details about how the new framework will work or provide any clues to what it will do at its next policy meeting.
On Thursday, the Sensex had ended with a gain of 39.55 points (0.10 per cent) at 39,113.47 and the Nifty settled at 11,559.25, up 9.65 points (0.08 per cent) from its previous close.