On August 21, the market regulator published an order.
The benchmark Nifty and Sensex stock market indices increased on Monday due to inflows of foreign funds and a surge in their US counterparts. After US Fed Chair Jerome Powell’s recent speech at the Jackson Hole meeting, when he indicated that the time has come for an easing of policy and hinted at prospective rate cuts in September, the market traded on an optimistic note.
In the Nifty 50, gains were registered in twelve of the thirteen key sectors. There was a 1.3% gain in information technology companies, which get a significant amount of their revenue from the US.