Sensex soars 266 pts as dovish Fed lifts global equities

Times of India | Jul 11, 2019 at 11:29 AM
  • Mumbai, Jul 11 () The BSE Sensex reversed recent losses to end 266 points higher Thursday, largely in line with global markets which rallied after US Federal Reserve Chair Jerome Powell bolstered expectations of a rate cut.
  • The broader BSE midcap and smallcap indices followed the benchmarks, rising up to 0.56 per cent.
  • Elsewhere in Asia, China’s Shanghai Composite Index gained 0.08 per cent, Hong Kong’s Hang Seng climbed 0.81 per cent, Japan’s Nikkei rose 0.51 per cent and South Korean benchmark Kospi ended 1.06 per cent higher.