Sensex, Nifty 50 Extend Gains to 3rd Straight Session After US Fed Rate Cut— 10 Key Highlights From Indian Stock Market
- On September 18, the Nifty reached 25,423.60, marking a 93.35-point increase, while the Sensex rose by 320.25 points to 83,013.96, continuing a three-day upward trend due to the US Federal Reserve's actions.
- The US Federal Reserve's rate cut of 25 basis points boosted global risk sentiment, positively impacting the Indian stock market, as stated by Ponmudi R, CEO of Enrich Money.
- Over 160 stocks hit 52-week highs, reflecting strong participation across market segments, particularly in the midcap and smallcap indices.
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11 Articles
Taking Stock: Market extend gains on 3rd day; Sensex jumps 320 pts, Nifty above 25,400
More than 160 stocks touched their 52-week highs on the BSE, including Poonawalla Fincorp, Asahi India, Hyundai Motor, Eternal, L&T Finance, Zydus Wellness, Radico Khaitan, Delhivery, Maruti Suzuki, Cummins, among others.
Sensex, Nifty 50 extend gains to 3rd straight session after US Fed rate cut— 10 key highlights from Indian stock market
The Sensex closed 320 points, or 0.39 per cent, up at 83,013.96, while the Nifty 50 ended the day at 25,423.60, up 93 points, or 0.37 per cent. The BSE Midcap index rose 0.36 per cent, while the Smallcap index ended flat.
Sensex rises for third day, settles 320 pts higher; Nifty above 25,400; Eternal gains 3%, HDFC Life 2%
Sensex Today | Stock Market LIVE Updates: Indian equities closed higher on Wednesday, with the Sensex and Nifty extending gains for a third straight session after the U.S. Federal Reserve trimmed interest rates by 0.25% to support its labour market. Sentiment was also buoyed by recent goods and services tax reforms and progress in trade talks between India and the US.
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