US Fed decision powers 540-pt rally in Sensex; broader indices jump over 2%

Stock market highlights on March 21: In the broader markets, the rebound was steeper with the BSE MidCap and SmallCap indices closing 2.3 per cent and 2 per cent higher, respectively

SI Reporter New Delhi

Photo: Bloomberg

8:41 AM

HUL to decarbonise its supply chain by 2039, use 100% green energy by 2030

“In line with our Unilever commitments at our key manufacturing plants, we will start using 100 per cent green energy by 2030,” Yogesh Mishra, executive director, supply chain at HUL, told Business Standard. Read more

8:24 AM

Crude oil processing volumes remain steady in Feb at 20.9 MMT: PPAC

Crude oil volumes processed by Indian refiners remained steady in February at 20.9 million metric tonnes (MMT), data released by the Petroleum Planning and Analysis Cell (PPAC) on Wednesday showed. Processed volumes rose by a marginal 0.14 per cent as compared to 20.8 MMT processed in February 2023. On a sequential basis however, volumes fell 7.48 per cent from January's 22.5 MMT. Read more

8:18 AM

US Fed keeps key rates unchanged at 5.25%-5.5%

The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still expect to reduce them by three-quarters of a percentage point by the end of 2024 despite stodgier expected progress towards the US central bank's 2 per cent inflation target. Read more

8:11 AM

Nifty Auto, Nifty Energy: See resistance, support levels for trading action

The Nifty Auto Index, which last closed at 20,406, is encountering significant resistance levels on the charts, anticipated between 20,525 and 20,575. A close above this range would likely trigger a bullish breakout, with the next target resistance projected at 20,825. Read more

8:08 AM

Gold price dips Rs 10 to Rs 66,320, silver falls Rs 100 to Rs 76,900

The price of 24-carat gold dipped Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 66,320, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 76,900. Read more

8:06 AM