U.S. Federal Reserve

ECB cuts interest rates as growth dwindles

The European Central Bank cut interest rates again on Thursday and signalled a "declining path" for borrowing costs in the months ahead as inflation slows and economic growth in the euro zone falters. The ECB lowered its deposit rate by 25 basis points to 3.50%, following up on a similar cut in June as inflation is now within striking distance of its 2% target and the domestic economy is skirting a recession. The move had been widely telegraphed and investor attention has already shifted to wh...

August 22, 2024 4:25 PM

Sensex, Nifty end higher as banking, metal and realty sectors gain

Indian benchmark indices gained on Thursday, tracking positive sentiment in Asian shares. The U.S. Federal Reserve's latest policy meeting, which signaled a potential rate cut in September, boosted investor confidence. The Sensex rose by 147.89 points, or 0.18%, to settle at 81,053.19, while the Nifty added 41.30 points, or 0.17%, to finish at 24,811.50. Market breadth was positive, with over 2,100 stocks closing higher and over 1,200 ending lower. Among the top Nifty performers were Grasim In...