Sensex and Nifty Swing on US Fed Rate Decision, Oil Prices
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Insights by Echo AI
Indian stock markets witnessed volatility this week, with the Sensex and Nifty fluctuating due to various factors including the US Federal Reserve's rate decision, oil price movements, and foreign institutional investor (FII) activity. The Sensex climbed over 300 points on Wednesday morning ahead of the US Fed rate decision but closed lower due to selling pressure. It rebounded in early trade on Thursday but ended the day with marginal gains. Oil prices fell as US crude inventories rose despite Saudi supply concerns. FIIs offloaded equities worth Rs 2,977.86 crore on Tuesday and Rs 2,032.61 crore on Wednesday.
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