Kospi

September 20, 2024 11:26 AM

Sensex, Nifty surge as global markets rally after Fed rate cut

India’s benchmark indices surged on Friday, tracking a global market rally fueled by the U.S. Federal Reserve's decision to cut interest rates by 50 basis points. The Nifty 50 gained 110.15 points, or 0.43%, to open at 25,525.95, while the Sensex rose by 418.24 points, or 0.50%, to 83,603.04. Market experts attribute the rally to sustained support from domestic investors, which has helped offset selling pressure from foreign institutional investors (FIIs). "US markets rebounded strongly, wi...

Sensex, Nifty rebound, tracking Asian peers

India's benchmark indices surged on Tuesday, recovering from the sharp downturn witnessed the previous day. The Nifty 50 jumped 290.60 points, or 1.21%, to 24,189.85, while the BSE Sensex rallied 949.21 points, or 1.21%, to 79,708.61. Among the sectoral indices, bank, auto, financial services, FMCG, IT, media, metal, pharma, PSU bank, private bank, realty, healthcare, consumer durables, oil, and gas opened in positive territory. Foreign Institutional Investors sold net shares worth ₹10,074 ...