Nifty scales all times high; declining crude prices aid investor confidence
While the dovish minutes from the Federal Reserve’s November policy meeting have meant easing of concerns on steep rate hikes, the positives continue to accrue from falling crude prices and also regular buying by foreign portfolio investors
MUMBAI: Indian stock markets rose for the fifth consecutive session on Monday, with the benchmark Nifty50 scaling a record high. Gains were led by oil marketing companies which climbed higher as crude prices fell following the fresh surge in covid cases in China’s cities, and protests against authorities’ stringent zero-COVID policies.
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