Brief by Shorts91 Newsdesk / 05:31am on 14 Dec 2023,Thursday Business
Indian stock markets surged to new heights after the US Federal Reserve's commitment to unchanged interest rates and indications of an end to the rate tightening cycle by 2024. The BSE Sensex soared 935.95 points (1.35%) to an unprecedented 70,520.55, while the NSE Nifty 50 climbed 256.35 points (1.23%), hitting a record level of 21,182.7. Nifty IT led the gains, rising over 2.5%, with Nifty Bank and Nifty Financial Services up 1.7% each. Analysts project continued market expansion in 2024, fueled by positive global and domestic economic factors.
