Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty took their gaining streak to six days straight as the ended with Friday’s trading session almost 1% higher each. S&P BSE Sensex gained 353 points or 0.90% while the 50-stock Nifty managed to end at 11,655 levels. Financials were the hot favourite on Dalal Street today with IndusInd Bank gaining 10% to hit the upper circuit followed by Axis Bank and ICICI Bank. Powergrid, Maruti, Infosys were the top drags. Volatility slipped 3.44% during the day’s trade while after a strong run for weeks, Nifty Smallcap indices ended the day with losses.
In an effort to boost employment, The Federal Reserve of the United States of America on Thursday announced a policy shift that will keep interest rates low. The Fed will seek to achieve inflation averaging 2% over time. The new statement also pledges to make sure employment does not fall short of the broad-based and inclusive goal. Unemployment in the United States has been rising rapidly, nudged by the coronavirus pandemic. Fed Chair Jerome Powell hinted that his aim is to create a strong labour market even if food prices rise.
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