Advertisement
Sensex, Nifty Climb On Dovish Fed; IT Stocks Rebound
(RTTNews) - Indian shares opened on a buoyant note Thursday after the U.S. Federal Reserve held interest rates steady, as widely expected, and signaled the possibility of two rate cuts by the end of the year, given increased uncertainty around the economic outlook.
The Fed also lowered its economic outlook for the year, marked up its inflation expectations and said it will start shrinking its balance sheet at a slower pace starting next month amid growing worries around tariffs.
The benchmark 30-share BSE Sensex was up 456 points, or 0.6 percent, at 75,905 in early trade while the broader NSE Nifty index jumped 130 points, or 0.6 percent, to 23,037.
IT stocks topped the gainers list after an investor event reassured markets about demand for artificial intelligence computing.
HCL Technologies, TCS, Infosys and Wipro climbed 2-3 percent.
CAC 40 Down 1.2%; Eurofins Scientific Rises Over 6% On Buyback Plan
UK Jobless Rate Remains Stable
Swiss Franc Falls As SNB Slashes Rates By 25 Bps
Sensex, Nifty Extend Gains For Fourth Day
Pound Drops After U.K. UK Employment Data; BoE Rate Decision Eyed
DAX Tumbles More Than 1%
Swiss Central Bank Cuts Policy Rate To Lowest Since 2022
