To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Market Update: Sensex Erases Gains as Investors Eye Powell’s Testimony
The S&P BSE Sensex pared gains to close near the flat line at 52,589 on Tuesday, as investors looked to the highly anticipated testimony from US Fed Chair Jerome Powell for further guidance on how policymakers are balancing rising inflation risks with the central bank’s pledge to support the labor market recovery and economic growth. Earlier in the day, the Sensex breached the 53,000 mark for the first time, amid optimism over the country’s rapid pace of vaccination. Elsewhere, heavyweight financial stocks and Reliance Industries were under pressure. [/s2If]
Join Our Telegram Group