Markets log longest weekly run since July; Sensex, Nifty rebound sharply

Quick Summary:

Over 2,000 points, or 2.

The Nifty has gained nearly 3 per cent so far this month, extending the rebound from November lows to 6.1 per cent.

In its last monetary policy meeting, the RBI had left the rates unchanged while it reduced the cash reserve ratio."A rebound from the lows suggests that the buy-on-dips strategy is working well in the market.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Stock market HDFC Bank Sensex and the Nifty indices ICICI Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 20:21:10 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 680 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24400681

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 4 hours ago

Coverage Areas: India

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Publisher ID: #49

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