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July 26, Wednesday 2017 8:15 PM       

       HEADLINES: Power outages across State on Wednesday evening                                              Dileep encroached govt land: Report                                              Drunk doc smashes six vehicles                                              Those who blame me today will accept me tomorrow: A K Nazeer                                              Medical Scam: BJP leaders get notice                                              Padma Vibhushan awardee Professor Yash Pal dies aged 90                                              Ram Nath Kovind sworn in as India's 14th President                                              CS Karnan to make first petition to new President Ram Nath Kovind                                              Mutual respect despite disagreements is beauty of democracy: President Kovind                                              Modi pulls up BJP MPs over Parliament attendance                                              Pak PM's principal secretary accused of corruption                                              Repeal ObamaCare or 'You're Fired': Trump jokingly warns Price                                              Pak's High Commissioner to India Abdul Basit to retire early                                              Galle Test: Dhawan, Pujara lead India's carnage on opening day                                              It's beginning of good times for Indian women's cricket: Mithali Raj                                              This year's Ashes could be Bodyline 2, says Damien Fleming                                              Kaumudi Facebook
       BUSINESS Next Article: India, Israel launch 5-yr tech fund to further biz ties  
       Sensex rallies 163 points on US Fed minutes findings
         Posted on :13:59:08 Jul 6, 2017
       Last edited on:13:59:08 Jul 6, 2017
         Tags: Sensex rallies 163 points

MUMBAI: Markets on Thursday climbed higher as the US Fed minutes showed that there is still no unanimity among policymakers over inflation outlook and the pace of interest rate increase, if any, going ahead.

The minutes of the previous US Federal Reserve meeting on June 13-14 again brought to the fore lingering doubts about the strength of the revival in the US economy and its ability to withstand a hike in borrowing costs.

For emerging economies, including India, this meant investors are not going to pull out foreign capital any time soon.

The 30-share benchmark Sensex resumed higher and hit 31,408.80 at 1118 hours, up 163.24 points, or 0.52 per cent.

The 50-share NSE Nifty was also up 41.40 points, or 0.43 per cent, at 9,679 at 1118 hours.

Counters of realty, FMCG, banking and capital goods saw heightened pace of activity despite lower Asian cues.

SBI stayed ahead with a gain of 2.62 per cent. ITC rose 2.01 per cent and Asian Paints 1.16 per cent.

Most Asian stocks declined over fears of possible consequences of North Korea firing a missile earlier this week.

In the US, stocks ruled mixed amid a disappointing manufacturing report and a tumble in crude futures.

Foreign portfolio investors (FPIs) bought shares worth a net Rs. 227.57 crore yesterday, as per provisional data.

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