Investors wealthier by Rs 2.5 lakh crore as Sensex, Nifty50 extend gains to third day in a row
Indian equity benchmarks extended gains to a third straight session on Thursday though giving up much of their intraday gains on Wednesday, as encouraging macroeconomic data from the US allayed some of the concerns about a prolonged period of steel hikes in benchmark interest rates and sent positive signals to the markets the worldover. Any indication of strength in the world's largest economy is a sigh of relief, as the Fed and other major central banks scramble to tame red-hot inflation without disrupting economic growth amid fears of at least a mild recession.
Both Sensex and Nifty50 finished higher for a third straight day. | Image: Pixabay