“Market Live: Nifty manages to hold 9900, midcaps & PSU banks rally” is locked Market Live: Nifty manages to hold 9900, midcaps & PSU banks rally | Indian Share Market

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Market Live: Nifty manages to hold 9900, midcaps & PSU banks rally

10:07 am: Gold edged up early Thursday, extending gains from the previous session, as the dollar remained subdued after minutes from the Federal Reserve’s July meeting hinted at a delay in further rate hikes.   Spot gold was up 0.4 percent at $1,287.21 per ounce by 0110 GMT, after gaining nearly 1 percent the previous day.

U.S. gold futures for December delivery rose 0.8 percent to $1,293.30 per ounce.   The U.S. dollar was on the defensive on Thursday after the minutes from the Federal Reserve’s last policy meeting showed policymakers were increasingly wary of recent softness in inflation and could delay a rate hike.

10:02 am: Equity benchmark indices were trading steady, marginally higher from their opening tick, with the Sensex rising almost one third of a percent. The Nifty managed to hold on to 9900-mark.

The Sensex was up 83.82 points at 31854.71, while the Nifty was up 30.30 points at 9927.60. The market breadth was positive as 1,348 shares advanced against a decline of 437 shares, while 62 shares were unchanged.

source: moneycontrol.com

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