U.S. Federal Reserve

September 20, 2024 5:19 PM

Sensex, Nifty hit record highs, boosted by auto, energy, banking sectors

India’s benchmark indices surged to all-time highs on Friday, driven by strong gains across the auto, energy, and banking sectors. The Sensex jumped 1,360 points, or 1.63%, to close at 84,544, while the Nifty added 375 points, or 1.48%, to settle at 25,791. The Nifty briefly touched 25,806 during the trading session before paring some of its gains. All sectoral indices posted gains, with auto, energy, banking, capital goods, FMCG, power, telecom, realty, and metals advancing between 1% and 3...

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...

September 12, 2024 10:56 PM

ECB cuts interest rates as growth dwindles

The European Central Bank cut interest rates again on Thursday and signalled a "declining path" for borrowing costs in the months ahead as inflation slows and economic growth in the euro zone falters. The ECB lowered its deposit rate by 25 basis points to 3.50%, following up on a similar cut in June as inflation is now within striking distance of its 2% target and the domestic economy is skirting a recession. The move had been widely telegraphed and investor attention has already shifted to wh...

August 22, 2024 4:25 PM

Sensex, Nifty end higher as banking, metal and realty sectors gain

Indian benchmark indices gained on Thursday, tracking positive sentiment in Asian shares. The U.S. Federal Reserve's latest policy meeting, which signaled a potential rate cut in September, boosted investor confidence. The Sensex rose by 147.89 points, or 0.18%, to settle at 81,053.19, while the Nifty added 41.30 points, or 0.17%, to finish at 24,811.50. Market breadth was positive, with over 2,100 stocks closing higher and over 1,200 ending lower. Among the top Nifty performers were Grasim In...