Sensex, Nifty surge amid global markets rally on U.S. Fed rate cut plans
The Hindu
Benchmark equity indices Sensex and Nifty surged nearly 1% on Thursday in tandem with a rally in global markets after the U.S. Fed projected three rate cuts this year.
Benchmark equity indices Sensex and Nifty surged nearly 1% on Thursday in tandem with a rally in global markets after the U.S. Fed projected three rate cuts this year.
Rising for the second day, the 30-share BSE Sensex jumped 539.50 points or 0.75% to settle at 72,641.19. During the day, it zoomed 780.77 points or 1.08% to 72,882.46.
The NSE Nifty climbed 172.85 points or 0.79% to 22,011.95.
From the Sensex basket, NTPC, Power Grid, IndusInd Bank, Tata Steel, Tata Motors, JSW Steel, Tech Mahindra and Larsen & Toubro were the biggest gainers.
Bharti Airtel, Maruti, ICICI Bank and Asian Paints were the laggards.
In Asian markets, Seoul, Tokyo, and Hong Kong settled significantly higher while Shanghai ended lower.
European markets were trading in positive territory.
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