Stock Market Highlights
: Indian equity benchmarks BSE Sensex and NSE Nifty50 rebounded in a fag-end recovery on Thursday powered by strength in oil & gas, financial, IT and pharma shares. Both headline indices halted a four-day losing streak, a day after the RBI announced a 50-bps hike in the key lending rate as expected. Weakness in metal shares, however, limited the upside. Broader markets also finished the volatile session in the green, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.5 percent and 0.2 percent respectively. Globally, investors awaited updates from central bank meetings for more clarity on the impact of worsening inflation on interest rates and economic growth.
First Published: IST