The US central bank Federal Reserve has not made any change in the interest rates. Asian markets including India have benefited from this news. In the early trade, the Sensex crossed the level of 40,550 points with a gain of more than 150 points. At the same time, the Nifty was trading at a level of 11,950 points, strengthening by about 40 points. Let us know that the US Fed has kept the interest rate in the range of 1.5 to 1.75 percent. Along with this, the Fed has also indicated not to change in 2020. Earlier, the Fed had previously lowered rates three times in a row.
Yes Bank Breaks Down
In early trade, Yes Bank shares rose more than 2 percent. Let us know that due to the uncertainty of investment, Yes Bank shares have fallen by more than 26% in the last two days. Apart from Yes Bank, Tata Motors, Tata Steel, Vedanta, Hero MotoCorp, SBI were also seen.
Market condition on Wednesday
The stock markets of the country recorded a boom on Wednesday. The Sensex gained 172.69 points to close at 40,412.57 and the Nifty gained 53.35 points to end at 11,910.15. The Sensex touched a high of 40,466.13 and a low of 40,135.37 in day trading. The Nifty reached an upper level of 11,923.20 and a low of 11,832.30 in the day's trading.
20 out of 30 stocks of the Sensex rose. The top gainers were NTPC (2.77 per cent), ONGC (2.28 per cent), Tech Mahindra (1.97 per cent), Kotak Bank (1.62 per cent) and TCS (1.43 per cent). Yes Bank (15.33 per cent), VEDL (1.63 per cent), Hero Moto Corp (1.44 per cent), LT (1.21 per cent) and Bharti Airtel (1.17 per cent) recorded the biggest decline.
