00:00India's benchmark SENSEX surged more than 1,000 points today to hit a high of about
00:0740,124.
00:08It's a record high by itself.
00:12And then years later, as incumbent Prime Minister Narendra Modi stormed back to power, indicating
00:18a continuation of business-friendly policies, India's SENSEX rose as high as 40,124 points
00:24before closing a quarter of a percent lower.
00:28India's NIFTY rose as much as 12,041 points before closing about 0.6 percent lower.
00:35India's rupee, which appreciated early in trade, breached past the $70 mark against
00:40the US dollar as some outflows were seen in trade today.
00:45The US Fed officials are not in a hurry to move rates up or down but the escalating trade
00:49war between the US and China would keep them on hold lower for longer.
00:54Investors expect a rate cut by the end of the year.
00:57But Fed minutes on Wednesday showed that they would be patient in terms of making any
01:03moves as far as interest rates are concerned.
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