look news india
Mumbai: After digesting the shock of recession after the Federal Reserve meeting in the American stock markets, there was a sharp rise in the markets late on Friday evening. There was news that the Dow-Jones index jumped 810 points and crossed the level of 43 thousand and was said to be above 43150. In the inflation data released in the US, the inflation growth rate was lower than expected, while the possibility of further reduction in interest rates became stronger, there was re-entry of funds in the stock markets and selling of bears was also seen. Market rising from low peak.
The news of 1.60 percent rise in Nasdaq index and 1.70 percent rise in S&P 500 index was received late from abroad. Earlier, the Federal Reserve had indicated that the pace of interest rate cuts would slow down in the new year and following these signals, the stock markets of various countries including the United States crashed. However, after late Friday evening, the stock market seems to be gaining momentum again.