Mint Evening Market Wrap

111: 28.08.2020 | Markets rise on Fed comments; banks surge

Episode Summary

BSE Sensex ended at 39,467.31, adding 0.90%. Nifty closed at 11,655.25, adding 0.83%. The US Fed has shifted its inflation targetting policy with average inflation, which means that it will allow inflation to rise over 2%. Because of this Indian stock markets ended higher.

Episode Notes

BSE Sensex ended at 39,467.31, adding 0.90%. Nifty closed at 11,655.25, adding 0.83%. The US Fed has shifted its inflation targetting policy with average inflation, which means that it will allow inflation to rise over 2%. Because of this Indian stock markets ended higher.