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Sensex Gains Over 100 Points While Nifty Holds Above 25,800 After Fed Cut
Sensex and Nifty moved higher after the Fed’s rate cut, though volatility persisted and analysts flagged weakness in Nifty’s failure to hold recent record highs.
Indian markets traded higher on Thursday as the Sensex advanced more than 100 points and the Nifty stayed above 25,800, recovering after three sessions of declines. The U.S. Federal Reserve’s 25 bps rate cut improved sentiment by easing concerns around foreign outflows, though volatility persisted through the session. Tata Steel rose about 1%, while IndiGo slipped 2%.