Global Optimism Lifts Sensex and Nifty
The Sensex and Nifty indices posted gains amid global market rallies, driven by hopes of a US Federal Reserve rate cut and positive foreign fund inflows. Major gainers included Adani Ports and NTPC, while auto stocks lagged. Global markets showed positive trends, especially in Asia and Europe.
- Country:
- India
Stock market benchmarks Sensex and Nifty ended in positive territory on Wednesday, bolstered by a global rally and expectations of a rate cut by the US Federal Reserve. Fresh foreign fund inflows also contributed to the upward momentum.
The Sensex, comprising 30 shares, climbed 368.97 points, or 0.44%, to settle at 84,997.13. It surged to an intraday high of 85,105.83, gaining 477.67 points or 0.56% during the session. On the BSE, 2,482 stocks advanced, while 1,668 declined, and 175 remained unchanged.
The Nifty index rose by 117.70 points or 0.45% to close at 26,053.90. Investors were buoyed by potential US Federal Reserve rate cuts and positive trade deal updates. Strong performances from firms like Adani Ports and NTPC fueled the indices, although auto stocks lagged. Asian and European markets also reported gains, reflecting a global rise in market optimism.
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