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Fed Rate Cut Fuels Mid-Day Market Rally Amid FII Inflow Optimism
Fed Rate Cut Fuels Mid-Day Market Rally Amid FII Inflow Optimism
20
3
BTCCSquare news:
Indian equities extended gains at mid-day trading as the Federal Reserve's rate cut to 4-4.25% bolstered global liquidity expectations. The Sensex climbed 0.23% to 82,885.17 while Nifty 50 ROSE 0.24% to 25,392.10, with financial analysts anticipating increased foreign institutional investment flows.
HDFC Life led gainers with a 2.48% surge, followed by Eicher Motors and Infosys. The bullish sentiment contrasted with declines in Coal India and ONGC, as advancing stocks outnumbered decliners 2,166 to 1,849. Market participants now watch for potential spillover effects into digital asset markets.
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