BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Nifty Rises on Fed Rate Cut Boost, Tech Stocks Lead Gains
Nifty Rises on Fed Rate Cut Boost, Tech Stocks Lead Gains
9
3
BTCCSquare news:
Indian benchmark indices opened higher Thursday, buoyed by the U.S. Federal Reserve's anticipated 25-basis-point rate cut. The Sensex climbed 0.40% to 83,022.28, while the Nifty 50 advanced 0.36% to 25,420.90. Gift Nifty futures had signaled the rally with a 100-point pre-market gain.
Information technology stocks drove the rally, with Infosys surging 1.98% and Wipro gaining 1.89%. Sun Pharma, HDFC Life, and HDFC Bank rounded out the top performers. The MOVE follows positive global sentiment as the Fed's decision reverberates across markets.
Bajaj Finance led decliners, falling 1.30%, while Hindalco dropped 1.03%. The rate cut underscores shifting monetary policy dynamics that typically benefit growth-sensitive assets.
By:
