Stock market today: Led by gains in shares of select FMCG and IT heavyweights, including ITC, Hindustan Unilever and TCS, the Indian stock market benchmark – the Nifty 50 – closed in the green for the fifth consecutive session on Wednesday, August 21.
The domestic market ended with gains, tracking largely positive global cues ahead of the Jackson Hole Economic Symposium, as expectations are high that US Fed Chair Jerome Powell will provide clear hints about the trajectory of rate cuts, which are anticipated to begin in September.
This year, the Federal Reserve’s Jackson Hole Economic Symposium, which is an annual conference, will be held from August 22 to 24. Powell is expected to speak at the conference on Friday.
The Nifty 50 closed 71 points, or 0.29 per cent, up at 24,770.20, while the Sensex ended 102 points, or 0.13 per cent, up at 80,905.30.
