INSUBCONTINENT EXCLUSIVE:
Gains across sectors - led by financial, metal and energy shares - supported the marketsDomestic share markets extended gains to a sixth
straight day on Friday tracking rising Asian equities, following a major shift in stance by the US central bank to focus more on growth than
The S-P BSE Sensex index climbed up as much as 0.68 per cent - or 264.85 points - to touch 39,378.32 in the first hour of trade, and the
sectors - led by financial, metal and energy shares - supported the markets.At 9:59 am, the Sensex traded 0.46 per cent - or 181.26 points -
GDP or gross domestic product in the April-June period due on Monday, for more clarity on the damage caused to the economy by the
coronavirus pandemic and the resultant restrictions
Shift, US Central Bank Rewrites Its Approach To Inflation, Jobs Market)The change suggests the US central bank's key overnight interest
rate, already near zero, will stay there for potentially years to come as policymakers woo higher inflation.Though Mr Powell's comments were
widely expected, some traders were disappointed that the US central bank did not reveal more details about how the new framework will work
or provide any clues to what it will do at its next policy meeting.
