Stock Market LIVE Updates: Indian equity benchmarks roared to record highs on Thursday backed by buying across sectors and in heavyweights such as Reliance Industries and the HDFC twins. Gains across global markets with the Federal Reserve’s much-awaited policy review now behind boosted investors’ sentiment. Financial, oil & gas, real estate and consumer stocks were in high demand. Broader markets outperformed the headline indices, as the midcap and smallcap gauges rose 0.9 percent each in early deals.
The Federal Reserve said it will likely begin reducing its monthly bond purchases as soon as November and signaled interest rate increases may follow more quickly than expected.
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First Published: IST