Share Market Today: Sensex Rises 650 Points; Nifty Around 25,600 Following Fed Rate Cut

Share Market Today: On the 30-share Sensex platform, NTPC, Axis Bank, Titan, Infosys, Airtel, HDFC Bank emerged early gainers. On the down side, HCLTech and Bajaj Finserv are the only two losers

By : ABP News Bureau | Updated at : 19 Sep 2024 09:56 AM (IST)

Share Market Today: The US Federal Reserve’s decision on rate cut signalled a larger-than-anticipated move to ease borrowing costs.
Source : ABPLIVE AI

Share market today: The two key equity benchmark indices, Sensex and Nifty, on Thursday hit their all-time highs following US Federal Reserve announced a 50 bps rate cut on Wednesday evening. At 9.40 am, the BSE Sensex 637 points to 83,585. On the other hand, the NSE Nifty50 was trading at 25,590, rising 213 points. The US Federal Reserve’s decision on rate cut signalled a larger-than-anticipated move to ease borrowing costs.

Stock update

On the 30-share Sensex platform, NTPC, Axis Bank, Titan, Infosys, Airtel, HDFC Bank emerged early gainers. On the down side, HCLTech and Bajaj Finserv are the only two losers.

In the broader markets, the BSE Midcap rose 0.59 per cent, while the BSE Smallcap advanced 0.43 per cent.

Sectoral update

All 13 sectoral indices were trading positively, with Nifty IT leading the rally. The IT index rose by 1.5 per cent, boosted by gains in Infosys, TCS, and LTIMindtree. Nifty Bank also gained nearly 1 percent, supported by HDFC Bank, Axis Bank, and ICICI Bank. Realty index jumped 1.10 per cent.

In the previous session on Wednesday, the BSE Sensex declined 131 points to end at 82,948, while the NSE Nifty50, which scaled a record high of 25,482, settled at 25,378, dropped 41 points.

Published at : 19 Sep 2024 09:50 AM (IST)
Tags :
Sensex Stock Market Rupee Share Market NSE US Fed Nifty BSE. Rate Cut Share Market Today

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