Stock market today: Nifty 50 rises for 5th consecutive session; focus shifts to Jackson Hole for Fed rate cut cues

Stock market today: Led by gains in shares of select FMCG and IT heavyweights, including ITC, Hindustan Unilever and TCS, the Indian stock market benchmark – the Nifty 50 – closed in the green for the fifth consecutive session on Wednesday, August 21.

The domestic market ended with gains, tracking largely positive global cues ahead of the Jackson Hole Economic Symposium, as expectations are high that US Fed Chair Jerome Powell will provide clear hints about the trajectory of rate cuts, which are anticipated to begin in September.

The Nifty 50 closed 71 points, or 0.29 per cent, up at 24,770.20, while the Sensex ended 102 points, or 0.13 per cent, up at 80,905.30.

(More to come)

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First Published:

21 Aug 2024, 03:44 PM IST