Nifty ends flat after hitting historic 10k mark; Nifty Bank at record high

The benchmark indices settled in red after the Nifty50 hit its crucial 10,000 mark for the first time ever as hopes for improving earnings, accelerating economic growth and government reforms boosted investors’ confidence.

Overseas, the dollar sagged to a more than one-year low and European stocks climbed on Tuesday, as investors bet that subdued US inflation and political strains in Washington would limit Federal Reserve interest rate moves for the rest of the year.

 

The Fed starts a two-day meeting later in the day to discuss its monetary stance and the timing of its long-awaited balance sheet reduction, a plan most likely to be detailed in September.

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Nifty ends flat after hitting historic 10k mark; Nifty Bank at record high

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