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U.S. interest rates cheered traders while unchanged.

The domestic stock market displayed a strong recovery, erasing losses from the past two sessions.

U.S. interest rates cheered traders while unchanged.
Share market news


The benchmark Nifty index rebounded, comfortably surpassing the 19,100 mark.

The US Federal Reserve did not raise the country's interest rate. This situation is going to continue till 2024. As a result, US bond yields stabilized. Federal Reserve Bank Chairman Jerome Paul's speech, which gave these details, also calmed our market. So, our stock markets which started with profit in the morning ended with profit in the evening too,

GST collection for the month of October touched Rs 1.72 lakh crore. The news, which was 13 percent higher than October last year, cheered traders,

In the second quarter ended September, the service sector trade surplus of our country has increased to 26.00 percent. In the previous June quarter, there was no such growth,

The news that the bilateral talks between India and Sri Lanka regarding the Economic and Technical Contribution Agreement have resumed after five years also brought honey to the traders' ears.

Due to festivals and other economic development activities, the electricity demand of our country. Power sector stocks rallied after the data showed a 22 percent growth to 15,804 crore units in October.

All indices ended in the green as euphoria spread across all sectors of the stock market.

Positive factors, including the US Federal Reserve's decision to maintain steady interest rates, a decrease in US bond yields, and stabilized crude oil prices, contributed to this resurgence.

Interestingly, mid and smallcap stocks outperformed their larger counterparts during this period.

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