Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates March 17

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets mirrored global cues on the opening bell on Thursday morning with S&P BSE Sensex zooming 850 points or 1.5% to breach 57,600 levels. Nifty 50 was up 240 points or 1.4% as it scaled 17,200. Bank Nifty was above 36,400 while India VIX was down 7% nearing 22 levels. Housing Development Finance Corporation (HDFC) was the top Sensex gainer, up 3%, followed by Axis Bank and Asian Paints. All Sensex stocks were trading in the green.

The US Federal Reserve kickstarted the interest rate hike cycle with a quarter percentage point hike on Wednesday. Led by Fed Chair Jerome Powell, the members of the committee voted 8-1 in favour of lifting interest rates for the first increase since 2018. Jerome Powell said that the US economy is strong enough and capable of handling a tighter monetary policy. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 per cent over the longer run. With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 per cent objective and the labor market to remain strong,” US Federal Reserve said. The central bank has suggested that the hike in interest rates is among the several that will come later this year. 

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