Final Trade: Nifty ends at 23,191, Sensex rises 899 pts; Bharti Airtel top Nifty50 gainer
After Fed's status quo, Indian equities got another push and rose for the fourth straight day.
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As the Federal Reserve maintained its focus on growth while still signalling future rate cuts going forward in 2025, Indian equities continued to gain ground for the fourth consecutive day on Thursday. At the close, Nifty ended higher by 283.05 points or 1.24 per cent at 23,190.65 , while the 30-share Sensex ended with gains of 1.19 per cent or 899.01 points at 76,348.06.
Meanwhile, broader markets underperformed the headline indices, with smallcap and midcap indices ending .
From the Nifty50 pack, top gainers were Bharti Airtel, Titan, Britannia, BPCL and Bajaj Auto, while top laggards have been IndusInd Bank, Bajaj Finance, Trent and Shriram Finance.
The primary catalyst for today’s rally was the Federal Reserve’s decision to keep interest rates steady while signaling two potential rate cuts later this year, which fueled optimism across global markets, noted
Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity – Ashika Stock Broking part of Ashika Group.
Sectoral gains
Sectorally, oil and gas and IT stocks led the gains, with upmove of up to 1.6 per cent. IT stocks strengthened and showed recovery as Fed stressed on growth and at the same time hinted at two possible rate cuts this year.
European markets
Mostly European markets awaiting a slew of decisions by major central banks traded on a muted note.
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03:36 PM IST
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