Sesex jumps more than 300 points, Nifty50 Tops 25,400 on Fed Rate Cut Boost

Indian shares were higher on Thursday, with the Sesex and Nifty Vooruit for a third consecutive session, after the American Federal Reserve Rates has reduced by 0.25% in an attempt to strengthen his labor market. Investor sentiment also received support from recent GST reforms and progress in India-US-Handel negotiations.

The S&P BSE Sensex rose 328.17 points, or 0.4%, to 83,021.88 at the opening, while the NSE Nifty 50 86.60 points or 0.34%added to 25,416.85.

On the 30-Stock Sensex, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank and Sun Pharma were up to the top win, rises between 1% and 2%.

On a sectoral basis, it has in stock, which distract a large part of the US income, 1.5%.

The wider indices for mid-cap and small caps each added 0.3%.

The American Federal Reserve has lowered the interest rates for the first time this year and to prevent signs of weakness on the labor market. FED chairman Jerome Powell, however, tried the prospect of rapid relaxation and described the move as a “risk management reduction” and emphasizing the central bank was in no hurry to further reduce the rates. Lower American loan costs tend to increase emerging markets such as India, such as India, because the proceeds from the Treasury and the dollar are typically withdrawing, raising the foreign portfolio inflow houses.

Views of expert

The Fed Chief Jerome Powell described the 25 BP rate reduction as a ‘risk management reduction’, Dr. VK Vijayakumar, main investment strategist at Geojit Investments, adding that ‘because the labor market is cooling and GDP growing projection for 2025 is only 1.6%, two more cutbacks is possible this year, although the FED Categorical categories’ the policy is not, the policy, the policy is not, the policy.’ ” The soothing interest rate scenario is favorable for the market to stay bullish. ”

“The ongoing rally in the market is driven by the expectations of profit exchange and a positive result of the India-us-Handel negotiations,” said Vijayakumar, adding that Bank is resilient and the fair valuations of bank shares more investments, in particular institutional, can attract in this segment in this segment.

On a technical basis, Shrikant Chouhan, head of stock examination at Kotak Securities, that the indices could go to 25,400-25,500/83,000-83,200 at the top and vice versa, under 25,100/82,000, traders can consider leaving their long position.

For day traders, the recommended strategy to buy on Intraday dips around 25,275 and 25,200 with a stop loss at 25,100, said Chouhan, adding that “for the Nifty Bank, buy, is advisable between 55,200 and 55,100.

Global markets

World shares stabilized on Thursday after the Federal Reserve has reduced interest rates, although investors remained careful because the US central bank indicated a measured approach to further relax.

US Equity Futures achieved 0.3% after a turbulent Wall Street session at night. In Asia, shares in Korea and Taiwan led progress, both open about 0.7% higher, while the Japanese Nikkei added 225 0.3%.

Those profits helped in stabilizing the widest Index of MSCI of Asia-Pacific shares outside of Japan, which fell 0.1%, because weighed on the markets of Australian and New Zealand on the benchmark.

FED chairman Jerome Powell, in comments after the meeting, the expectations of more aggressive relaxation, who described Wednesday’s movement as a “risk management reduction” and emphasized that the central bank was not under pressure to quickly move on the rates.

Gold rose by 0.3% to $ 3,670.19 per ounce and recovered from a withdrawal after touching a record high on Wednesday.

BE/DII Tracker

On the institutional front, foreign institutional investors (FIIs) sold shares worth just more than RS 1,124.5 crore on September 17, while domestic institutional investors (Diis) were net buyers for an amount of RS 2,293.5 crore.

Raw impact

The oil prices were fixed on Thursday after the American Federal Reserve had yielded a generally expected rate reduction, while signals of further reductions before the end of the end of the year increased to a stronger demand for lower loan costs.

Brent Raw Futures fell 8 cents, or 0.12%, to $ 67.87 per barrel at 0042 GMT. US West Texas Intermediate fell 10 cents or 0.16%to $ 63.95.

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Rupid versus dollar

The Indian rupid fell 16 Paise to 88.01 against the US dollar in early trade on Thursday, following losses in other Asian currency after the Federal Reserve had yielded a mixed policy signal.

The dollar index, which the Greenback measures against a basket of large colleagues, initially fell to 96,224, the lowest level since February 2022, after the rate decision, before he returned to 97,074, higher on the day.

(with input from agencies)