Sensex, Nifty end at record highs as BJP clinches 3 state polls; banks soar

Closing Bell on December 4, 2023: The S&P BSE Sensex zoomed over 1,400 points intraday to hit a new record high of 68,918. The Nifty50, on the other hand, hit a fresh lifetime high of 20,703

SI Reporter New Delhi

8:07 AM

Bitcoin breaks $40,000 for the first time since April 2022

Bitcoin has broken above $40,000 for the first time this year as it rides a wave of momentum on broad enthusiasm about US interest rate cuts and as traders anticipate the imminent approval of US-stock market traded bitcoin funds.

The world's biggest currency hit as high as $40,210 in Sunday trade, its highest since April 2022. It was steady at $40,011 in thin trade early in the Asia day on Monday.

From Reuters

8:02 AM

Assembly polls: Focus shifts to NE as votes for Mizoram to be counted today

After a saffron wave swept the Hindi heartland, taking the BJP to decisive mandates in Madhya Pradesh, Chhattisgarh and Rajasthan, and the Congress wrested Telangana from the BRS, all eyes have now shifted to the Northeast as Mizoram is to reveal its mandate on Monday. Read

7:55 AM

Fed Powell rebuffs talks of policy easing; says it'd be premature

Fed Chair Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts after November's equity rally.

Powell said it would be premature to conclude with confidence that we have achieved a 'sufficiently restrictive stance', or to speculate on when policy might ease.

However, he also noted that policy is “well into restrictive territory" with risks of doing too much or too less on inflation balanced now.

Source: CNBC

7:49 AM