Break down: Sensex up 113 points to 57,901
US Fed bonds tapping, global markets rally despite decision to raise interest rates (Gujarat News Correspondent) MUMBAI: The US Federal Reserve yesterday announced a two-fold cut in bond buying, signaling a three-fold increase in interest rates in the year 203 to curb inflation, with global markets pointing positive instead of negative today. Was. Federal Reserve Chairman Jerome Powell said the rapid rise in employment in the US now requires a focus on inflation and that the economy no longer needs stimulus-bond buying. Recovery was also seen in Asian markets today. Funds rallied today, led by IT-software services and technology stocks, to break the five-day index-based decline in Indian stock markets. Consumer durables, oil and gas stocks, the Sensex finally rose 119.11 points to 301.15 and the Nifty spot rose 3 points to close at 19.50. Brent crude rose ૩ 1.15 a barrel to ડો 2.01 a barrel and Nymex crude rose ૬ 1.15 to close at ૩ 2.09 a barrel, as crude oil inventories in the Unite...