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Sensex, Nifty close higher as Federal chief rekindles rate-cut hopes

File photo. Photograph:( Reuters )

Reuters Bengaluru, India Jul 11, 2019, 04.15 PM (IST)

Domestic stock market indices ended higher on Thursday, driven by broad-based gains and tracking strength across global equities, after dovish comments by the US.

Federal Reserve Chairman Jerome Powell reignited rate-cut hopes.

The broader Nifty closed up 0.73% at 11,582.90, while the benchmark Sensex settled 0.69% higher at 38,823.11.

Zee Entertainment Enterprises Ltd and JSW Steel Ltd were the top two gainers on the Nifty. Zee closed nearly 8% higher while JSW Steel finished the session 4.86% up.

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The broader Nifty closed up 0.73% at 11,582.90, while the benchmark Sensex settled 0.69% higher at 38,823.11.