Indian markets reacted cautiously to the US Federal Reserve’s rate cut, with profit booking leading to modest gains. The Nifty 50 and Sensex hit record highs before retreating, impacted by losses in key sectors,

BSE Sensex and NSE Nifty50 – opened on Thursday at record highs, with both indices up 1% from the previous session's closing, following the Federal Reserve's decision to lower interest rates by 50 basis points (bps).

All 13 sectoral indices were in the green following the 50 basis point rate cut by the US Fed. While Nifty IT rose 1.6 percent, Nifty Bank was up by a percent in early trade.

Benchmark equity indices Sensex and Nifty surged to their fresh record high levels in early trade on Thursday after the US Federal Reserve cut its benchmark interest rate after more than four years.

This is the first rate cut by the US Federal Reserve since early 2020. The move shows that the focus of the Fed has now shifted from fighting inflation to supporting economic growth, analysts said.

The Fed's interest rate cut is a positive factor for Indian equities as it boosts global liquidity, potentially attracting more foreign funds. However, concerns over high valuations continue to loom large.

Mumbai: India's frontline stock indices opened at record levels on Thursday after the US Federal Reserve cut interest rates by 50 basis points, signalling the start of an easing cycle that may lead to further rate reductions.

The US Federal Reserve's first rate cut since 2020 has shifted investor interest towards largecaps, with foreign inflows expected to rise in emerging markets like India. While Sensex and Nifty hit new peaks,

Indian stock market closes higher on September 19, 2024, with BSE Sensex at 83,184.80, Nifty at 25,415.80. Fed rate cut impact.

The S P BSE Sensex ended 236.57 points higher at 83,184.80, while the NSE Nifty50 settled 38.25 points higher at 25,415.80. Both the indices had hit fresh all-time highs in early trade.