Home / Markets / News / Indian stocks set to gain on Fed boost after logging worst single-day fall

Indian stocks set to gain on Fed boost after logging worst single-day fall

On Monday, the blue-chip NSE Nifty 50 index and the S&P BSE Sensex crashed 12.98% and 13.15%, respectively, their biggest plunges on record. The rupee hit a fresh record low against the dollar

Premium

Bulls deliver knockout punch after opening-hour shocker

2 min read Last Updated : Mar 24 2020 | 10:21 AM IST

Indian shares were set to follow Asian peers higher on Tuesday after their worst single-day fall in history, as sentiment improved after the U.S. Federal Reserve pledged to spend as much as needed to steady the financial system.

India's NSE stock futures listed on the Singapore Exchange were 5.87% higher by 0300 GMT.

On Monday, the blue-chip NSE Nifty 50 index and the S&P BSE Sensex crashed 12.98% and 13.15%, respectively, their biggest plunges on record. The rupee hit a fresh record low against the dollar.

ALSO READ: Wall Street extends sell-off despite historic Fed boost; Dow Jones falls 3%

The

Topics : Indian stocks Indian markets US Federal Reserve Stock market crash S&P BSE Sensex Nifty Rupee falls

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in