Stock Market Today: Indian stock market benchmark indices, the Nifty 50 and the Sensex, closed flat on Friday, August 23, ahead of US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole conference expected later today.
The Sensex closed up 33 points, or 0.04 per cent, at 81,086.21, while the Nifty 50 ended up 12 points, or 0.05 per cent, at 24,823.15.
The Indian stock market closed unchanged despite major Asian and European peers being mostly positive and the dollar hovering around one-year lows. Investors are now focused on the Federal Reserve Chairman’s speech for clues on upcoming US rate cuts. Experts say a 25 basis point rate cut in September is highly unlikely.
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