Sensex and Nifty hit record highs after the US Fed rate cut, driving optimism in global markets. The BSE Sensex surged 236.57 points, reaching an all-time high of 83,184.80, while the NSE Nifty climbed to 25,415.80. Banking stocks led the rally, reflecting strong investor sentiment.
The rate cut ends a 14-month period where rates were held steady. This duration is longer than three of the last six Fed "hold" periods but falls short of the 15-month pause before the 2007-2009 financial crisis.
Despite the forecast for fewer hikes, investors sent stocks plunging once Chairman Jerome Powell began a news conference, apparently disappointed that Powell didn’t go further to signal a slowdown in rate increases.
Benchmark BSE Sensex plunged over 270 points to crack below the 28,000-mark in early trade today as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a
Key benchmark index BSE Sensex today surged over 400 points while the broader index NSE Nifty reclaimed 7,700 mark in trade mainly on account of firm global cues and buying in frontline bluechip counters.
Washington: The Federal Reserve ended weeks of speculation Thursday by keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.But at
Mumbai: Clarity regarding P-Notes, the government's push for reforms and the expiry of July derivative contracts, coupled with the US Fed's decision to keep interest rates intact, buoyed investor sentiments on Thursday.The global and domestic
Mumbai: Continuing its winning streak for the fourth straight session, the benchmark BSE Sensex surged over 170 points in early trade today on sustained buying by investors in blue-chip stocks amid a firming trend in
New York: The prospect of more economic stimulus from the Federal Reserve pushed the Standard & Poor's 500 index to a fourth consecutive record close on Tuesday.Investors also were encouraged by strong earnings from major
Washington: The Federal Reserve's decision to keep up its stimulus program bolstered the view that a strengthening U.S. economy will drive world growth forward in the coming months.The Fed's decision on Wednesday to hold back
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