Slow Return Towards Better Times

Slow Return Towards Better Times On the domestic front, the BSE Sensex rose by 3.08 per cent to 56,072.23 in the past 15 days, recovering losses with support from strong corporate results as investors awaited the Federal Reserve’s interest rate decision. The Indian currency is seen appreciating as opposed to the dollar to all-time low in the last fortnight. The government bond yield also witnessed a slight decrease and reached 7.4 per cent. The BSE Power index has gained 1.90 per cent to quote at 4,459.79 points. Among the other constituents of the index, Adani Power jumped 2.2 per cent and JSW Energy increased by 4.56 per cent during the fortnight.