Sensex up 340 pts; Nifty holds 25,420 on Fed’s 25bps rate cut; IT outperforms
Indian equities edged up on Thursday after the US Federal Reserve cut rates by 25 bps to 4–4.25 per cent.
The BSE Sensex reclaimed the 83,000 mark, opening 415 points higher at 83,108.92. The NSE Nifty50 rose 111 points to 25,441.05. By 12:00 PM, the Sensex was at 82,975, up 282 points (0.34%), while the Nifty traded at 25,415, up 85 points (0.34%).
Infosys, HCLTech and Tech Mahindra topped the Sensex gainers, while Bajaj Finserv, Bajaj Finance and Tata Steel dragged. Broader markets also advanced, with the Nifty MidCap 100 and SmallCap 100 up 0.3% each.
Sectorally, Nifty IT led with a 1% gain, while Nifty Metal was the only laggard; all other indices were in the green.
IPO Watch
-
New Openings: Ivalue Infosolutions (Mainline) and JD Cables (SME) opened today.
-
Closing: Euro Pratik IPO (Mainline) enters its final subscription day.
-
Ongoing: VMS TMT (Mainline) and Sampat Aluminium (SME) are on Day 2.
-
Next Step: TechD Cybersecurity IPO (SME) awaits allotment.
Comments are closed.