Stock Market LIVE Updates: The Indian stock market may start with a slight rise on Wednesday. Positive signals are coming from international markets, but due to the ongoing US-Iran tension in the Middle East, investors’ attitude still remains cautious. GIFT Nifty was trading at around 23,639 levels, showing a gain of about 21 points over the previous close. This indicates that the opening of the market may be in the green.
Good strength has been seen in Asian markets, while American markets also closed with gains last night. In such a situation, now the entire focus of investors is on the decision related to the interest rate of the Federal Reserve, the central bank of America.
The Fed has started its two-day monetary policy meeting from Tuesday. The market expects that there will be no change in interest rates this time under the leadership of Jerome Powell. However, there is a possibility of a cut of around 0.25% by the end of the year.
Talking about the domestic market, there was a rise for the second consecutive day on Tuesday. The Sensex jumped by about 568 points to close at 76,070, while the Nifty 50 also rose by about 172 points to close at 23,581.
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