Sensex, Nifty set to open higher; GIFT Nifty futures up over 50 pts

Share Market, NSE Nifty, BSE Sensex, Global Markets; Wall Street, Asian Shares: Domestic equity benchmarks Sensex and Nifty will likely start today's (September 20) session in a positive zone. At around 7:30 am, GIFT Nifty futures, an early indicator of the 50-share index, were up 57.90 points or 0..23 per cent at 25,547 ahead of the opening bell on Dalal Street.

Global market stocks in rally; Wall Street records new highs

Major indexes hit a record high in US stock market after the Federal Reserve cut interest rates by 50 basis points. The Dow Jones index crossed 42,100 for the first time, and the S&P 500 hit a record high of 5,724, up 100 points, and Nasdaq ended higher by 2.51 per cent.

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Here's how the major global indices fared:

• Nasdaq ended higher at 18,013.98, up 440.68 points or 2.51 per cent
• S&P 500 up 95.38 points or 1.70 per cent at 5,713.64
• Japan's Nikkei 225 was up 756.63 points or 2.04 per cent at 37,911.96
• South Korea's KOSPI was up 25.66 points or 1 per cent at 2,606

Previous session summary

On Thursday, September 19, 2024, both domestic indices ended higher, Sensex ended at 83,184.80, up 236.57 points or 0.29 per cent and the 50-share basket (NSE Nifty50) closed at 25,415.80, up 38.25 pts or 0.15 per cent. Meanwhile, financial and FMCG sector stocks such as HDFC Bank, and HUL were top gainers. While IT sector stocks were top losers. Here's a look at the top gainers and losers of the session:

Top gainers

Top losers