{"id":45099,"date":"2024-03-21T10:25:45","date_gmt":"2024-03-21T10:25:45","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/03\/21\/sensex-nifty-climb-on-dovish-fed-remarks\/"},"modified":"2024-03-21T10:25:45","modified_gmt":"2024-03-21T10:25:45","slug":"sensex-nifty-climb-on-dovish-fed-remarks","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/03\/21\/sensex-nifty-climb-on-dovish-fed-remarks\/","title":{"rendered":"Sensex, Nifty Climb On Dovish Fed Remarks"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares rose notably on Thursday as investors cheered the Fed&#8217;s dovish stance and signal on potential rate cuts in 2024.<\/p>\n<p>Firm cues from global <span class=\"landLinks\">markets<\/span>, a weaker dollar and falling bond yields underpinned investor sentiment after the U.S. Federal Reserve left interest rates unchanged for a fifth straight meeting and maintained its forecast for three rate cuts in 2024.<\/p>\n<p>Investors also cheered domestic data showing that <span class=\"landLinks\">business<\/span> activity in the country expanded at the fastest rate in eight months in March, keeping India on course as the fastest growing major economy.<\/p>\n<p>The HSBC&#8217;s flash India Composite Purchasing Managers&#8217; Index (PMI), compiled by S&amp;P Global, rose to 61.3 this month from February&#8217;s final reading of 60.6.<\/p>\n<p>The benchmark S&amp;P BSE Sensex jumped 539.50 points, or 0.75 percent, to 72,641.19 while the broader NSE Nifty index settled 172.85 points, or 0.79 percent, higher at 22,011.95.<\/p>\n<p>PSU stocks topped the gainers list, with Coal India, Power Grid Corp, BPCL and NTPC rallying 3-4 percent. <\/p>\n<p>Tata Steel jumped 3.1 percent after announcing the cessation of coke oven operations at its Port Talbot plant. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Climb On Dovish Fed Remarks<\/a><br \/>\n<br \/>2024-03-21 10:25:45<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares rose notably on Thursday as investors cheered the Fed&#8217;s dovish stance and signal on potential rate cuts in 2024. Firm cues from global markets, a weaker dollar and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":45100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-45099","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=45099"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/45099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/45100"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=45099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=45099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=45099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}