Indian benchmark indices close on a positive note on Wednesday
At close of market on Wednesday, some of the top gainers were ICICI Bank, Tata Motors, Lupin, SBI, Tata Steel and Hindalco Industries while Bharti Aiirtel, M&M and HDFC figured among the losers.
According to reports, investors are awaiting for the Reserve Bank of India's (RBI) monetary policy review due on April 5; the market is hoping for a 25 basis-point cut in interest rates.
The fact that US Federal Reserve chief, Janet Yellen, on Tuesday, called for caution when raising US interest rates, also boosted sentiments in the Indian market.
Image: Wikimedia Commons
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
